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Listed by Kevin Akbari • Rise Realty
$ 499,000
Est. payment | /mo
7,480 Sqft Lot
$ 499,000
Est. payment | /mo
7,480 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID OC-26005888
Lot Size 7,480 Sqft
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Discover a rare, build-ready parcel in one of Altadena's most sought-after foothill neighborhoods. Situated at 701 E Palm Street, this expansive 7,500 sq ft vacant lot (approx. 55 ft x 136 ft) offers an ideal blank canvas for developers, investors, or end-users looking to capitalize on Southern California's evolving housing landscape. The property has already undergone Phase 2 environmental clearance with a final certificate of completion, saving you months of time, permitting delays, and demolition costs. With a generally level terrain, existing driveways, and utility access at the street, this lot is truly shovel-ready. Zoned R-1-7500, the site qualifies under California's SB9 legislation to potentially support two primary dwellings and two ADUs, a tremendous opportunity for rental income, multi-generational living, or resale of two separate units. Whether your vision is luxury duplexes, income-generating ADUs, or a custom estate, the flexibility here is unmatched. Tucked into a peaceful residential enclave with panoramic views of the San Gabriel Mountains, this lot offers not just utility, but beauty. The property boasts lush established landscaping, towering palm trees, and a shared driveway entrance, adding both charm and privacy. Surrounded by newly built and in-progress construction, this block is poised for long-term growth and resale potential. The property is owned free and clear, no loan on title, allowing for a smooth and efficient closing process. 701 E Palm stands out with its combination of location, lot dimensions, and development readiness. Don't miss this opportunity to build in a blue-chip pocket of Altadena where quality inventory is scarce and upside is significant.
Location
State CA
County Los Angeles
Area 604 - Altadena
Zoning LCR175
Exterior
Community Features Suburban, Valley
Utilities Available Sewer Available, Water Available, Electricity Available, Natural Gas Available
View Y/N Yes
View Mountain(s)
Building
Lot Description Lot 6500-9999, Rectangular Lot