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566 Palm Street, Altadena

$800,000 - $800k Price - .38 Acres - 10 DOM

This expansive lot of 16,441 sf is approximately 110 ft wide by 150 ft deep, making it a fantastic development opportunity. The soils report was favorable and can be seen in the documents section. Through looking at the code and confirming with the city, the owner was told that you can build a single family home of up to 5,000 sf with two ADU's of up to 1,200 sf each. Other development options include a triplex (two primary dwelling units with one ADU) or a quadplex (a duplex with two ADUs). The lot is able to be split using SB 9 into two 8,000+ sf parcels, per the owner's conversations with the sub-divisions department. In this scenario, you would be able to build a home of up to 3,000 sf and an ADU of up to 1,200 sf on each parcel (a total of two homes and two ADUs). Each parcel of home + ADU can be sold separately. The lot is located across the street from Loma Alta Park with views of the mountains as well as close proximity to great hiking trails. The park has a plethora of features including a neighborhood community garden, tennis courts, playgrounds and several other amenities. The property backs into a wooded area, creating a serene and tranquil backyard that is hard to find in Los Angeles. More information about the property can be provided upon request from the listing agent. Please check with the zoning, planning and subdivision offices to verify property and development information. With such an amazing location on a double lot sized parcel and so many development options, it is an extremely rare find for creating anything from your dream home to a four unit development.

Listing Agent
James Mcdonnell - Engel & Voelkers Pasadena

Essential Information

For 566 Palm Street, Altadena
  • MLS® # P1-17372
  • Price $800,000
  • Bathrooms 0.00
  • Acres 0.38
  • Type Land
  • Status Active

Community Information

For 566 Palm Street, Altadena
  • Address 566 Palm Street
  • Area 604 - Altadena
  • Subdivision Not Applicable
  • City Altadena
  • County Los Angeles
  • Zip Code 91001

Amenities

For 566 Palm Street, Altadena

Utilities

For 566 Palm Street, Altadena

Electricity Available, Sewer Available, Water Available

View

For 566 Palm Street, Altadena

Park/Greenbelt, Mountain(s), Trees/Woods

Exterior

For 566 Palm Street, Altadena

Lot Description

For 566 Palm Street, Altadena

Sloped Down, Gentle Sloping, Near Park, Rectangular Lot, Sprinklers None

Additional Information

For 566 Palm Street, Altadena
  • Date Listed April 24th, 2024
  • Days on Market 10
  • Zoning R-1-7500

Listing Details

For 566 Palm Street, Altadena
  • Agent James Mcdonnell
  • Office Engel & Voelkers Pasadena

Based on information from California Regional Multiple Listing Service, Inc. as of May 4th, 2024 at 9:20pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.