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1736 N Sierra Bonita Ave
For Sale $1,500,000
$1,500,000
- 3 Units
- Unknown Sq Ft
- 13,973 Sq Ft
- Unknown Cap Rate
Description
This offering presents a rare opportunity to acquire two contiguous parcels totaling approximately 0.32 acres in the Pasadena/Altadena area, with a documented path toward high-density multifamily development. A recent third-party feasibility study prepared by Elevated Entitlements concludes that, if the parcels are merged and rezoned entirely to C-2 (Neighborhood Commercial) and developed utilizing the California State Density Bonus (AB 1287), the site could support up to 32 residential units, including required affordable housing components. The County of Los Angeles has indicated openness to efforts that advance multifamily housing at the site, subject to standard planning review and pre-application consultation. The property is not designated as a historic resource and is served by public utilities. For developers seeking scale in a supply-constrained rental market with strong household incomes, this asset offers a compelling blend of land basis, density potential, and entitlement upside. Existing Improvements can provide interim holding income:
1,008 SF Commercial Building • 2,138 SF Commercial Building • 912 SF Single-Family Home (3-Bed, 2-Bath)
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,500,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1914 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5851003003 |
| MLS # | CV24250858 |
| Property ID | 292726191 |
| Lot Sqft | 13,973 |
| Zoning | C2, R2 |
| Total Units | 3 |
| Days on Market | 428 |
| Original List Price | $1,800,000 |
| Date Updated | February 13, 2026 |
| Date Created | December 16, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Caleb Hanson an agent of . Lic #01773995
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 13, 2026 The information being provided is 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.
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Robert Crawford
REAL ESTATE AGENT