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Rare development opportunity in the urban core of Pasadena. This desirable location is within walking distance of South Lake Avenue, the Playhouse District, the Gold Line and Old Town Pasadena, and a short distance from the Rose Bowl, Caltech and Pasadena City College. The zoning designation of RM-48 from the city of Pasadena is the highest density residential zoning designation. The Pasadena city zoning code reports up to one separate dwelling unit per 910 SqFt of lot area may be built. At that density, a maximum of 31 separate dwelling units could be built on this site. Completely level and without any structures, this property is ready for development!
Listing agent: Katie Grech DRE #01997632 katiegrech@kw.com, Listing office: Keller Williams Realty
MLS data updated 10/23/2026, 3:09:06 PM PT
Source: CRMLS, MLS #: NDP2305953
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Nov 2, 2023
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$5,510,000Closed sale · Nov 2, 2023ZIP 91101 · Nov 2023
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.