408 Terrace Street

Unique opportunity in Altadena! This property sits on a spacious lot where the original home was lost in recent fires. The parcel comes with an approved plot map / site plan and drafted architectural plans for two new single-family residences. Buyer can take advantage of existing construction loan, architect and contractor to realize their dreams Phase 1 and Phase 2 completed by Army Corp of Engineers * Proposed Home #1: 1,200 sq. ft. two-story dwelling (20’ x 30’) with attached 324 sq. ft. garage/deck (9’ x 36’). * Proposed Home #2: 1,600 sq. ft. two-story dwelling (25’ x 32’) with attached 324 sq. ft. garage/deck (18’ x 18’). Plans are in progress and awaiting final approval. Buyer can continue with current designs or bring their own vision. Highlights: * Rare chance to build two new homes in a sought-after Altadena neighborhood. * Approved site plan = head start on development. * Potential for multi-generational living, investment, or resale. * Convenient access to Pasadena, hiking trails, and the San Gabriel Mountains. This property is perfect for a developer, investor, or end-user looking to create brand-new residences in one of Altadena’s most desirable communities.