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566 W Palm St, Altadena, CA, 91001
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566 W Palm St Altadena, CA, 91001

$800,000 Land under contract 0.38 acres

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 a
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Property details

16,441 sqft interior area
View
Greenbelt, Mountain(s), Trees/Woods
Land area
16,441 sqft (0.38 acres)
Price per sqft
$48/sqft
Days on Verhouse
24
Address
566 W Palm St, Altadena, CA, 91001
City of California
Altadena
County
Los Angeles
District
Listing
Zoning
R-1-

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Listed by

James Mcdonnell, Engel & Voelkers Pasadena
Name
James Mcdonnell
License number
01917344
Brokerage company
Engel & Voelkers Pasadena
MLS #
CRP1-17372

Payment calculator

Calculate your monthly payments
Mortgage
$2,457
Taxes
$0
HOA dues
$0
$2,457 per month
Mortgage
$160,000 / 20%
2.28%
30 years
Your amount $2,457 / month

Lot details

TMK #5829012005
Lot Description
Sloped Down
Parcel #
5829012005

91001 info

Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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Supermarket
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Costco
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Hospital
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Park
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no data
Beach
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Elementary school
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no data
Middle school
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no data
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no data
Local airport
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no data

People living in 91001

39%
Families with children
National average: 39%
26%
Non family households
160,578
Population
$135,509
Average Income

Age & gender

Median age 42 years
More info

Commute types

83% commute by car
More info

Education level

23% have bachelor education
More info

Number of employees

6% work in education and healthcare
More info

Vehicles available

41% have 2 vehicle
More info

Vehicles by gender

41% have 2 vehicle
More info

Housing market insights for

$1.81m
Neighborhood average
sales price*
$1.37m
Neighborhood median
sales price*
243
Number
of sales*

Housing type

80% are single detacheds
More info

Rooms

35% of the houses have 4 or 5 rooms
More info

Bedrooms

69% have 2 or 3 bedrooms
More info

Owners vs Renters

68% are owners
More info
11.67 / 20
Above Average
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Utilities

Other Water/Sewer, Electricity Connected, Sewer On Site
Utilities
Other Water/Sewer, Electricity Connected, Sewer On Site

Location Details, Documents & Disclosures

Directions to property
Take a right off Lincoln onto W

Price history

Under contract May 15, 2024
Date Event Price $/sqft Source
May 15, 2024 Under contract $800,000 48.66 MLS #CRP1-17372
Apr 23, 2024 New Listing $800,000 +14.29% 48.66 MLS #CRP1-17372
Jan 4, 2024 Sold $700,000 42.42 Public Record
Jan 4, 2024 Price Decrease $700,000 -12.39% 42.42 MLS #CRP1-15738
Dec 19, 2023 Pending $799,000 48.42 MLS #CRP1-15738
Dec 3, 2023 Under contract $799,000 48.42 MLS #CRP1-15738
Nov 11, 2023 New Listing $799,000 48.42 MLS #CRP1-15738

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Frequently Asked Questions about 566 W Palm St

What is 566 W Palm St?

566 W Palm St is a lot of 0.38 acres (about is 16,441 sqft).

What is the full address of this Land?

566 W Palm St, Altadena, CA, 91001.

Tell me about the point of interest nearby

The closest grocery stores are Bo's Altadena Market, 0.5 miles away and Super King Markets, 1.05 miles away.

Based on information from the bridgeMLS as of 05-17-2024. 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: May 15, 2024
Verhouse Last checked 1 minute ago


The closest grocery stores are Bo's Altadena Market, 0.5 miles away and Super King Markets, 1.05 miles away.
The 91001 zip area has a population of 160,578, and 39% of the families have children. The median age is 42.16 years and 83% commute by car. The most popular housing type is "single detached" and 68% is owner.
Land Under contract $800k 566 W Palm St, Altadena, CA, 91001 0.38 acres Save House Remove from Saved