Wednesday, July 22, 2026

Altadena Housing Site Sells With a Stated Plan to House Fire Survivors

[photo credit: Coldwell Banker Real Estate]

A fully permitted 54-unit parcel changes hands for $6.25 million as the buyer, unnamed, says displaced families will get preference

A patch of Altadena land already cleared through the county’s approval maze — the step that has stalled much of the town’s recovery — has a new owner, and, according to the broker who sold it, a purpose tied to the fire that emptied the neighborhood.

The 1.08-acre site at 2214 North Windsor Avenue has sold for $6.25 million. The buyer, whom Coldwell Banker Commercial Realty did not name, is a local affordable-housing developer that is working with the various agencies to re-imagine the property and build affordable housing. 

The unnamed developer says it will give preference to families displaced by the Eaton Fire when the units are ready for residency, the brokerage said in a statement.

The property is entitled to site a three-story, 54-unit mixed-use building of roughly 42,524 square feet, with 2,122 square feet of ground-floor retail, 80 parking spaces and 41 bicycle spaces. The residential mix is 30 studios, 14 one-bedroom units and 10 two-bedroom units, according to the statement.

What sets the parcel apart is what the buyer did not have to wait for. Permits were pre-secured from the Los Angeles County Planning Department before January 2025, and the site sold with them in hand, according to the brokers.

That timing matters in Altadena, where rebuilding has moved slowly through the county’s permitting process. Only a fraction of the nearly 6,000 significantly damaged homes in the community had finished rebuilding a year after the fire, leaving an entitled, shovel-ready site a rarity in the recovery.

Coldwell Banker Commercial Realty brokers Kathi Constanzo and Bill Ukropina represented both the buyer and the seller and closed the deal, the brokerage said.

The brokerage described the price as one of the highest known prices per square foot for residentially zoned land in the area.

County planning records list the seller as KT and KT Investments, LLC, a Pasadena-based firm, and the project’s architect as Kluger Architects.

The development had been slated for review in January 2025 but was postponed after the Eaton Fire, then advanced as one of the first multifamily projects to move forward in Altadena since the disaster.