185 Monterey Rd

South Pasadena, CA
$ 7,000,000 Beds 0 Baths 0
Monthly Estimate* How much can I afford?

We are pleased to present 185 Monterey Road, a rare fully entitled 53-unit condominium development opportunity located in the highly sought-after city of South Pasadena. The 1.26-acre site has received Tract Map Approval, eliminating years of entitlement risk while allowing a developer to retain flexibility by completing building permits, value engineering, and contractor selection after closing.The approved project consists of 53 condominium residences (46 market-rate and 7 moderate-income units) within a seven-story, approximately 88,111-square-foot building featuring structured podium parking, premium resident amenities, and contemporary architectural design. Offered at $8,000,000 ($150,943 per approved unit), the project represents one of the few large-scale for-sale residential development opportunities available in one of Los Angeles County's most supply-constrained ownership housing markets.South Pasadena's exceptional public schools, affluent demographics, walkable downtown, and Metro A Line connectivity continue to drive strong demand for ownership housing while restrictive zoning has significantly limited new condominium development. The offering provides developers the opportunity to capitalize on a scarcity-driven market supported by recent Pasadena new-construction condominium sales exceeding $1,000 per square foot.

Single Family

  • Price
  • $ 7,000,000
  • City
  • South Pasadena
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • County
  • LOS ANGELES
  • Half Bathrooms
  • 0
  • Area
  • South Pasadena
  • Lot Size
  • 1.2475 Acres
  • Zip
  • 91030
  • Style
  • MLS#
  • 26859615
Listed By: Filip Niculete with Marcus & Millichap
Data Source: Combined LA/Westside MLS (CLAW)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Beverly Hills, CA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/14/2026 Listed $8,000,000
9/21/2026 13% - $7,000,000

Property vs Zip Code Average in 91030

Price
AVG $2.48M
$7M
Visits
AVG 139
27
Data Provided by Inside Real Estate®

Areas That We Cover

185 Monterey Rd South Pasadena, CA is a Single Family Home for sale at $7000000 and a lot size of 1.2475 Acres Acre(s). 185 Monterey Rd South Pasadena has 0 bedrooms, 0 baths . The property's zip code is 91030 which is in South Pasadena, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Your Agent
Karen Harrosh

Karen Harrosh

310-388-3455

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