181 Monterey Rd

South Pasadena, CA 91030

$8,500,000
Price
54,885 / 1.26
Lot Size / Acres
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Description

Land cost average $160,000 per unit ! This is an exceptional and rare development opportunity in the heart of South Pasadena, a community renowned for its strong market fundamentals and desirable quality of life. Offering includes a totaling 1.26 acres lot with all entitlements secured and plans approved for a 53-unit condominium complex. The approved plans call for a modern, 7-story courtyard-style building, encompassing approximately 70,351 total living square feet. The design includes two levels...Land cost average $160,000 per unit ! This is an exceptional and rare development opportunity in the heart of South Pasadena, a community renowned for its strong market fundamentals and desirable quality of life. Offering includes a totaling 1.26 acres lot with all entitlements secured and plans approved for a 53-unit condominium complex. The approved plans call for a modern, 7-story courtyard-style building, encompassing approximately 70,351 total living square feet. The design includes two levels of subterranean/podium parking, topped by five floors of thoughtfully designed residential units. South Pasadena is consistently recognized as one of Southern California's premier residential markets. The city's "green city" ethos, combined with its rich cultural scene, top-tier schools, and convenient access to major employment centers, makes it a highly sought-after location for homeowners. This project is perfectly positioned to meet the significant demand for new, high-quality residential housing in a market with extremely high barriers to entry. This is a rare chance for a developer or investor to acquire a shovel-ready project and immediately begin construction, minimizing pre-development risk and accelerating time-to-market.
  1. Listed by MING SONG • DRE #01866980 • Brokerage DRE #01379606 • RE/MAX PREMIER/ARCADIA • 626-456-0818

Property Details for 181 Monterey Road

View
Mountain(s), City Lights, Neighborhood
Lot Size Source
Assessor
Assessor Parcel Number
5311-010-076
New Construction
No
Pool
No
View
Yes
View
Yes
Association
No
LISTING UPDATED: 04/09/2026 06:16 AM

Property Details for 181 Monterey Road

StatusActive
MLS #WS26076621
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLot/Land
Year Built-
Lot Size1.26 AC
CountyLos Angeles County
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Location

Listing Courtesy of RE/MAX PREMIER/ARCADIA, MING SONG, DRE #01866980
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Building Information for 181 Monterey Road

Lot Size1.26 AC

Payment Calculator

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$43,615 per month

30 year fixed, 6.46% Interest

Principal and Interest

$42,802

Property Taxes

$813

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 181 Monterey Road

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Census Tract: 4807.02
  • CFD/Mello-Roos Fee: $982
  • Tax Lot: 75
Community / Development
Community / Development
  • Community Features: Biking, Hiking, Sidewalks, Suburban
Property / Structure Info
Exterior Features
  • View Description: City Lights
Distance To
  • Distance To Water: street
  • Distance To Schools: South Pasadena
Land/Lot Info
  • Sign on Property: No
  • Additional Parcels Description: No
  • Lot Features: Lot Over 40000 Sqft, Level, 36-40 Units/Acre, Park Nearby, Up Slope from Street
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer/Septic: Electric
  • Utilities: Sewer Available, Electricity Available
  • Electric: Electricity Available, Sewer Available
  • Water Source: Public
Parking Info
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Lots/Land

Property History for 181 Monterey Road

DateEvent & SourcePriceAppreciation
Apr 9, 2026

Listed (Active)

SDMLS #WS26076621

$8,500,000—
Apr 9, 2026

Listed (Active)

CRMLS #WS26076621

$8,500,000—
Apr 9, 2026

Listed (Active)

CLAW #WS26076621MR

$8,500,000—
DateEvent & SourcePrice
04/09/2026

Listed (Active)

SDMLS #WS26076621

$8,500,000
04/09/2026

Listed (Active)

CRMLS #WS26076621

$8,500,000
04/09/2026

Listed (Active)

CLAW #WS26076621MR

$8,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 181 Monterey Road

Taxable ValueLand$718,224Additions$37,142Total$755,366
Tax Record2024$9,755 ($813 / month)
Home Facts
Beds2Total Finished SqFt988 SqFtAbove Grade Finished SqFt988 SqFtStories1Lot Size14,944 SqFtStyleSingle Family ResidenceYear Built1946ZoningSPR310000*CountyLOS ANGELESAPN5311-015-035

Schools near 181 Monterey Road

This home is within South Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Arroyo Vista Elementary School
Public - K to 5
South Pasadena Middle School
Public - 6 to 8
South Pasadena Senior High School
Public - 9 to 12
CDM Christian Elementary School
Private - K to 9
Rating
School
Distance
Arroyo Vista Elementary School
PublicK to 5

South Pasadena Middle School
Public6 to 8

South Pasadena Senior High School
Public9 to 12

CDM Christian Elementary School
PrivateK to 9

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 181 Monterey Road, South Pasadena, CA 91030

181 Monterey Road is a 1.26 ac of land for sale in South Pasadena, CA 91030. This property was listed for sale on April 9, 2026 by RE/MAX PREMIER/ARCADIA, it's currently listed at $8,500,000. It has been on the market for a total of 14 days and was last sold on April 2, 2021. This listing's school district is South Pasadena Unified School District. Nearby schools include Arroyo Vista Elementary School, South Pasadena Middle School and South Pasadena Senior High School. 181 Monterey Road is a 0-bed, 0-bath, 1.26 ac of land on a 54,885 sq. ft. / 1.26 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX PREMIER/ARCADIA, MING SONG, DRE #01866980

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.