High-Density Multifamily Development Site | Up to 32 Units (Conceptual) | Pasadena Area This offering consists of two contiguous parcels totaling approximately 0.32 acres in the Pasadena/Altadena submarket, presenting a rare opportunity for high-density multifamily development in a supply-constrained rental market. A third-party feasibility study prepared by Elevated Entitlements concludes that, through a lot merger and rezone to C-2 (Neighborhood Commercial) and utilization of the California State Density Bonus (AB 1287), the site could support up to 32 residential units, inclusive of required affordable housing components. The County of Los Angeles has indicated potential support for efforts to develop multifamily housing at the site, subject to standard entitlement processes and pre-application review. The property is not designated as a historic resource and is served by public utilities. Existing improvements include two commercial structures and a single-family residence, offering interim income or redevelopment flexibility. The true value lies in the site’s land basis, zoning context, and documented density upside. This is a compelling opportunity for developers seeking scale, entitlement upside, and long-term rental demand in one of Southern California’s most undersupplied housing corridors.