254 E Union Street

Pasadena, CA

$8,500,000

List Price

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Property Description

Rare opportunity to develop new condominiums in the heart of Old Town Pasadena. A new residential address is poised to rise on Union, moments from main street Colorado and surrounding Old Town Pasadena and around the corner from The Paseo Mall. This is city living at its best, highly scored for walking, biking and transit access (mere blocks from the Metro). The 59-unit structure, now in the 'Ready to Issue Permits' stage, enjoys views of Mt. Wilson, Pasadena City Hall and the San Gabriel Mountains. With over 53,000 square feet of living space on six stories, the Mediterranean style building will offer 28 two-bedroom/two-bath units and 25 one-bedroom/one-bath units, along with six studios. A roof terrace with spectacular city and mountain views, a second-floor open space common area, and three levels of subterranean parking/storage complete the amenities. One large retail space will anchor the street level, across the way from a small park. You simply couldn't live closer to the vibrant core of the city's historic district--and the heart of the charming urban Pasadena lifestyle.

Listing Information

List Price $8,500,000
Status Active
MLS P118041
HOA $0
Type Land
Lot Size 21,740
Structure Size N/A
DOM 174
Courtesy Of Engel & Voelkers Pasadena
Listing Agent Max Pellegrini DRE#01196363

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Max Pellegrini, Engel & Voelkers Pasadena . *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 2:33 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.