Price
$ 2,195,000

39 N MICHIGAN Avenue, Pasadena, CA 91106  

39 N MICHIGAN Avenue, Pasadena, CA 91106  

DEVELOPERS Dream & Great for Investors as well!! One of highest density in Pasadena, Zoned RM-48 (48 unit per Acre) on a 8,792 SF LOT! Positioned on quiet, tree-lined street street walking distance to shops & restaurants. All along the street on beautiful condominium developments making this ready to be the next development. Close to Cal Tech, PCC, schools & transportation. Currently being rented as units bringing in great rents of approx $7,200 per month. Perfect while waiting for City plan approval for development. The configuration of the existing house give investors potential to operate existing property with great rental income. Inspection ONLY upon accepted offer. DO NOT DISTURB OR TALK TO TENANTS NOR WALK ONTO PROPERTY. Buyer to verify all information.

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Listing Type
Multi-Family
Listing ID
17257756
Lot Size
8,792.00 sqft
Listing Status
Active
Year Built
1910
County
Los Angeles
Floors
2
Units
9
Zoning
PSR4
TaxID
5738013012
Listing courtesy of Alexander Metaxas~RE/MAX Commercial and Investmen
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX TRI-CITY REALTY
    1433 Foothill Blvd La Canada Flintridge, CA 91011 | Phone: (818) 790-9700
    RE/MAX TRI-CITY REALTY is licensed in the state of California CalBRE License #: 01038441
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.