185 Monterey Rd

54,794 / 1.26
Lot Size / Acres

Description

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)...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.
  1. Listed by Filip Niculete • DRE #01905352 • Brokerage DRE #01238010 • Marcus & Millichap
  2. Listed by Glen Scher • DRE #01962976 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 185 Monterey Road

Parcel Number
5311010076
Area
South Pasadena (658)
Lot Size Area
54794
Source Lot Size Area
Assessor
Assessor Parcel Number
5311-010-076
Directions
South of Pasadena Ave
LISTING UPDATED: 07/14/2026 10:01 AM

Property Details for 185 Monterey Road

StatusActive
MLS #26859615
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand Lot
Year Built-
Lot Size1.26 AC
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976
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Building Information for 185 Monterey Road

Lot Size1.26 AC

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$42,543 per month

30 year fixed, 6.36% Interest

Principal and Interest

$39,865

Property Taxes

$2,678

HOA Dues

$0

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Property Information for 185 Monterey Road

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 1.2475
  • Lot Size Square Feet: 54794
  • Lot Size Dimensions: 50x300
  • Source Lot Size Dimensions: Assessor
  • Telephone: 0.0
  • Cable: 0.0
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 07-14-2026

Property History for 185 Monterey Road

DateEvent & SourcePriceAppreciation
Jul 6, 2026

Listed (Active)

CRMLS #26859615

$8,000,000—
Jul 6, 2026

Listed (Active)

CLAW #26859615

$8,000,000—
Mar 18, 2021

Sold (Public Record)

Public Record #1455677372

$2,600,000

+10.1% / yr

DateEvent & SourcePrice
07/06/2026

Listed (Active)

CRMLS #26859615

$8,000,000
07/06/2026

Listed (Active)

CLAW #26859615

$8,000,000
03/18/2021

Sold (Public Record)

Public Record #1455677372

$2,600,000

+10.1% / yr

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

Public Records for 185 Monterey Road

Taxable ValueLand$2,674,686Additions$139,631Total$2,814,317
Tax Record2025$32,134 ($2,678 / month)
Home Facts
Beds7Total Finished SqFt3,283 SqFtAbove Grade Finished SqFt3,283 SqFtStyleSingle Family ResidenceCountyLOS ANGELESAPN5311-010-076

Schools near 185 Monterey Road

This home is within South Pasadena Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
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.

Similar Homes

185 Monterey Road is a 1.26 ac of land for sale in South Pasadena, CA 91030. This property was listed for sale on July 6, 2026 by Marcus & Millichap, it's currently listed at $8,000,000. It has been on the market for a total of 9 days and was last sold on March 18, 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. 185 Monterey Road is a 0-bed, 0-bath, 1.26 ac of land on a 54,794 sq. ft. / 1.26 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Filip Niculete, DRE #01905352; Marcus & Millichap, Glen Scher, DRE #01962976

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.