SOLD 06/13/2023
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Land sold for $538,000 in 55 days
481 E Maple St Pasadena, CA, 91101
Off the market 0.19 acres
I am pleased to offer for sale a duplex development site at 481 E Maple Street located in Pasadena. Situated on a 8,208 parcel of flat land, the property provides a great opportunity for a developer to acquire a rare asset in one of the hottest markets in Pasadena with multiple developments in the immediate area. The subject property is in close proximity to numerous restaurants, cafes, bars, theaters, grocery stores, gyms, and entertainment choices on Lake Avenue, Colorado Boulevard, and South Arroyo Parkway. 481 E Maple Street is in a desirable, attraction-rich location, and is walking distance from renowned schools at California Institute of Technology and Pasadena City College. Metro Gold Line transit rail and Interstate 210 freeway access are nearby. The Site has RTI Plans for a Duplex Consisting of (2) Two Bedroom & Two Bathroom Units. There will be a Total of Four Garage Parking Spaces. Each Unit will be Two Stories and Have In-Unit Laundry. This rare development opportunity located Pasadena allows new ownership to maximize income with regards to total square footage and will allow an investor to achieve superior future returns, making 481 E Maple Street an excellent acquisition opportunity.
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Property details
8,208 sqft interior area
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None
Land area
8,208 sqft (0.19 acres)
Price per sqft
$65/sqft
Address
481 E Maple St, Pasadena, CA, 91101
City of California
Pasadena
County
Los Angeles
District
Pasadena (ne)
Zoning
PSR4
Open Houses
No upcoming open houses
Listed by
Sean Rosenzweig, Marcus & Millichap
Name
Sean Rosenzweig
License number
01406343
Brokerage company
Marcus & Millichap
MLS #
CL23262523
Buyer agent
Name
Sean Rosenzweig
Brokerage company
Marcus & Millichap
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Calculate your monthly payments
Mortgage
$1,652
Taxes
$0
HOA dues
$0
Mortgage
$107,600 / 20%
2.28%
30 years
Your amount
$1,652 / month
Lot details
TMK #5731021064
Parcel #
5731021064
91101 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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High school
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no data
Local airport
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no data
People living in 91101
38%
Families with children
National average: 39%
40%
Non family households
298,942
Population
$129,611
Average Income
Age & gender
Median age 40 years
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Commute types
78% commute by car
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Education level
26% have bachelor education
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Number of employees
2% work in management
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Vehicles available
38% have 2 vehicle
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Vehicles by gender
38% have 2 vehicle
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Housing market insights for
$1.62m
Neighborhood average
sales price*
sales price*
$1.25m
Neighborhood median
sales price*
sales price*
522
Number
of sales*
of sales*
Housing type
53% are single detacheds
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Rooms
38% of the houses have 4 or 5 rooms
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Bedrooms
62% have 2 or 3 bedrooms
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Owners vs Renters
50% are owners
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12.67 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Location Details, Documents & Disclosures
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Directions to property
On the north side of Maple St i
Price history
Sold Jun 13, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jun 13, 2023 | Sold | $538,000 | 65.55 | Public Record |
| Jun 13, 2023 | Price Decrease | $538,000 -10.33% | 65.55 | MLS #CL23262523 |
| Jun 13, 2023 | Under contract | $600,000 | 73.1 | MLS #CL23262523 |
| Apr 20, 2023 | New Listing | $600,000 | 73.1 | MLS #CL23262523 |
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Frequently Asked Questions about 481 E Maple St
What is 481 E Maple St?
481 E Maple St is a lot of 0.19 acres (about is 8,208 sqft).
What is the full address of this Land?
481 E Maple St, Pasadena, CA, 91101.
Tell me about the point of interest nearby
The closest grocery stores are Baja Ranch Market, 0.42 miles away and Ralphs, 0.52 miles away.
Based on information from the bridgeMLS as of 05-12-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Jun 15, 2023
Verhouse Last checked 1 minute ago
The closest grocery stores are Baja Ranch Market, 0.42 miles away and Ralphs, 0.52 miles away.
The 91101 zip area has a population of 298,942, and 38% of the families have children. The median age is 40.39 years and 78% commute by car. The most popular housing type is "single detached" and 50% is owner.