Price
$ 1,990,000
Pending

109 N Michigan Avenue, Pasadena, CA 91106  

109 N Michigan Avenue, Pasadena, CA 91106  

Fabulous location, stellar investment. Located within walking distance of Pasadena City College resides this 4 unit apartment building complete with three- 3 bedroom, 1 ½ baths and one 2-bedroom, 1 ½ bath built in 1984. This building is ideal for student housing, and/ or owner occupant use. The location lends itself to enjoy all of Pasadena has to offer while being a highly sought after rental area. The lot is 10,444 sq.ft with the possibility of expanding the rentals. The units are separately metered for electricity and gas maximizing the landlord's profit. Each unit offers a private patio area, air conditioning, and off-street parking. You will not want to miss this opportunity to own an investment in an area that is rapidly growing with more than 25,000 enrolling each year from local to international students. The zoning for the property is RM-48, based on the size of the lot. This lot allows density up to 11 unit condo or apartments. Buyers to verify with city of Pasadena planning department. Inspection with an accepted offer.

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Listing Type
Multi-Family
Listing ID
AR17061539
Lot Size
10,444.00 sqft
Listing Status
Contract Pending
Year Built
1984
County
Los Angeles
Units
4
Garage
8.0
Zoning
PSR4
TaxID
5738013031
Listing courtesy of Shumei Kam~Coldwell Banker George Realty
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    Listing Information Provided By:
    RE/MAX TRI-CITY
    2150 Hillhurst Ave Los Angeles, CA 90027 | Phone: (323) 906-8383
    RE/MAX TRI-CITY is licensed in the state of California CalBRE License #: 01038441
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.