Coldwell Banker Commercial Brokers $6.25 Million Sale of Fully Permitted Altadena Development Site
Buyer plans to prioritize Eaton Fire-impacted families for future residency at the 54-unit mixed-use project
Altadena, CA (July 20, 2026) – Coldwell Banker Commercial Realty brokers Kathi Constanzo, CCIM, SIOR, and Bill Ukropina, CRE, closed the sale of 2214 N Windsor Avenue in Altadena for $6,250,000. The 1.08-acre site sold with all permits already in hand, one of the highest known prices per square foot for residentially zoned land in the area.
The property was entitled for a three-story, 54-unit mixed-use development totaling roughly 42,524 square feet, with 2,122 square feet of ground-floor retail, 80 parking spaces, and 41 bicycle spaces. The residential mix includes 30 studios, 14 one-bedroom units, and 10 two-bedroom units. The buyer, a local affordable housing developer, is working closely with all of the various agencies to re-imagine the property and build affordable housing with preference to families displaced by the Eaton Fire when the units are ready for residency.
Constanzo and Ukropina represented both the buyer and the seller, closing the deal significantly ahead of schedule.
For more information about this transaction, contact Kathi Constanzo at Kathi.Constanzo@cbcnrt.com or Bill Ukropina at Bill.Ukropina@cbcnrt.com.
About Coldwell Banker Commercial
Coldwell Banker Commercial is a trusted leader in commercial real estate, delivering expert solutions across office, retail, industrial, and multifamily properties globally. Serving owners and occupiers with specialized leasing, acquisition, and disposition services, Coldwell Banker Commercial brings over a century of proven expertise to every transaction. Founded in 1906 in San Francisco, the company has grown to include a network of 182 independently owned and operated affiliates as well as owned brokerage and 3,330 professionals. Ranked No. 1 in local market presence and expertise according to CRE professionals, the company spans 50 countries, offering clients personalized, results-driven services tailored to meet diverse real estate needs. Trailblazers in the industry, Coldwell Banker Commercial boasts a long-standing reputation for dedication, integrity, and transparency while continuing to rank among the Top 15 commercial real estate brands in the U.S. based on sales volume. Coldwell Banker Commercial is a part of Compass International Holdings (NYSE: COMP), a global real estate services company with a presence in every major U.S. city and in approximately 120 countries and territories. For more information, visit cbcworldwide.com.
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