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823 N Orange Grove Boulevard, Pasadena, California 91103, Pasadena, 91103 - 2 bed, 2 bath

823 N Orange Grove Boulevard, Pasadena, California 91103 home-pic-0
ACTIVE$2,300,000$1,228/sqft
823 N Orange Grove Boulevard, Pasadena, California 91103
2Beds
2Baths
1,228Sqft
12,269Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12269, living area = 1228.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12269, other record lot size in square feet = 12345.

Compared to the nearby listings

Price:$2.30M vs avg $1.44M (+$855,500)64%
Size:1,228 sqft vs avg 1,841.5 sqft21%
Price/sqft:$1.9K vs avg $93698%

More Insights

Built in 1923 (103 years old).
Condition: The property was built in 1923, making it over 100 years old. The listing explicitly markets it as a 'DEVELOPMENT-READY INFILL SITE' and states that the '1923-built residential structure implies necessary demolition for new development.' This indicates the existing structure is considered beyond repair for modern habitation, and the value is primarily in the land for redevelopment, aligning perfectly with the 'tear-down' criteria.
Year Built
1923
Close
-
List price
$2.3M
Original List price
$2.3M
Price/Sqft
$1,873
HOA
-
Days on market
-
Sold On
-
MLS number
CV26003806
Home ConditionTear down
Features
Patio
View-

About this home

DEVELOPEMENT-READY INFILL SITE IN PASADENA. Located along North Orange Grove Blvd within the City of Pasadena's Fair Oaks / Orange Grove Specific Plan, this property presents a rare opportunity to acquire a centrally located infill parcel with strong residential development potential. The site consists of approximately 13,892 square feet of usable land, positioned in a well-established residential corridor with proximity to Old Town Pasadena, the Rose Bowl, major employment centers and regional transit routes. The parcel is suited for a small-scale multi-family or residential infill project, subject to City approvals and final design review. PROPERTY HIGHLIGHTS: Lot Area +/-13,892 SF Zoning / Plan Area: Fair Oaks / Orange Grove Specific Plan (FOOG). Development Potential: Preliminary Analysis supports up to - 10 residential units (buyer to verify). Topography: Generally usable infill parcel. Utilities: All utilities available in street. Access: Direct frontage along N Orange Grove Blvd. DEVELOPMENT OVERVIEW: The Fair Oaks / Orange Grove Specific Plan encourages well-designed residential infill that complements the surrounding neighborhood while increasing housing supply in a high-demand Pasadena submarket. Based on lot size and plan guidelines, the site may support a low- to mid-density residential project, offering an attractive balance of unit yield, manageable construction scale and long term investment value.

N
Nicholas Abbadessa
Listing Agent
Condition Rating
Tear down
The property was built in 1923, making it over 100 years old. The listing explicitly markets it as a 'DEVELOPMENT-READY INFILL SITE' and states that the '1923-built residential structure implies necessary demolition for new development.' This indicates the existing structure is considered beyond repair for modern habitation, and the value is primarily in the land for redevelopment, aligning perfectly with the 'tear-down' criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12269, living area = 1228.
High Development Potential: The property is explicitly marketed as a 'DEVELOPMENT-READY INFILL SITE' with preliminary analysis supporting 'up to 10 residential units,' making it highly attractive for multi-family or residential infill projects.
Strategic Location: Situated in a 'well-established residential corridor' in Pasadena, offering 'proximity to Old Town Pasadena, the Rose Bowl, major employment centers and regional transit routes,' enhancing future property value and tenant demand.
Favorable Zoning & Plan: Located within the 'Fair Oaks / Orange Grove Specific Plan (FOOG),' which 'encourages well-designed residential infill,' suggesting a supportive regulatory environment for development.
Ready Infrastructure: The site is a 'generally usable infill parcel' with 'all utilities available in street,' indicating minimal initial infrastructure investment for development.
Direct Street Frontage: Direct frontage along N Orange Grove Blvd provides excellent access and visibility for a future development project.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12269, other record lot size in square feet = 12345.
Regulatory Hurdles: Development is 'subject to City approvals and final design review,' which can introduce significant delays, costs, and uncertainty in the project timeline and scope.
Buyer Due Diligence Required: The listing explicitly states 'buyer to verify' development potential, placing the onus and risk of confirming unit yield and feasibility entirely on the purchaser.
Demolition Costs for Existing Structure: The presence of a 1923-built residential structure implies necessary demolition for new development, adding to project costs and timelines.
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