• Call your local brokerage at 626.963.0097
For Sale:$1,990,000
$7,042/mo
Monthly Payment:
$7,042
Principal & Interest:
$7,042
HOA Dues:
$0
(Based on a 30 year fixed loan at 3.38% with $398,000 down)
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109 N Michigan Avenue


Pasadena, CA 91106

Catalina Villas Pasadena Unified School District
N/Asq ft N/A / sq ft MFR
Lot Size10,444sq ft Built1984 On site65days
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Fabulous location, stellar investment. Located within walking distance of Pasadena City College resides this 4 unit apartment building complete with three- 3 bedroom, 1 1/2 baths and one 2-bedroom, 1 1/2 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 landlords 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. Please do not disturb tenants. Inspection with an accepted offer.
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Last Checked For Updates: 41 minutes We update property info including price, photos, sale status and more as soon as it’s available. ago Status: Active Views: 28
MLS #AR16765430 , Listed on 12/19/16 by COLDWELL BANKER GEORGE
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MLS Listing Information for 109 N Michigan Avenue

Exterior Features

Parking

  • 8 Parking Spaces
  • 8 Garage Spaces
  • Assigned
  • Driveway - Combination
  • Parking Space

Lot Size

  • 10,444 Sq. Ft.

Garage Spaces

  • 8

# of Units

  • 4

Lot Description

  • 36-40 Units/Acre
  • Front Yard
  • Level with Street
  • Lot-Level/Flat
  • Near Public Transit
  • Value In Land

Utilities

Water

  • Public

Additional Information

County

  • Los Angeles

Land Lease Type

  • Lease

Originating MLS

  • Multi-Regional Multiple Listing Service

Community Rec.

  • Sidewalks
  • Street Lighting

Zoning

  • PSR4

Assessments

  • 0

Listing Broker

  • COLDWELL BANKER GEORGE

Price History for 109 N Michigan Avenue

Date Event Price Source
12/19/16 New Listing $1,990,000 CRMLS (Socal)

Schools Information

From Public Records
School District: Score      
Pasadena Unified School District
4.6
     

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This Multi-Family home for sale in Pasadena, CA is currently listed for $1,990,000. Featuring a lot size of 10,444 Sq. Ft., 109 N Michigan Avenue was built in 1984 and has been on ERA.com for 65 days.

This listing is provided courtesy of COLDWELL BANKER GEORGE. Interested in viewing more homes for sale near 109 N Michigan Avenue Pasadena, CA 91106? You can search all Pasadena MLS listings, find a real estate agent, get a home value estimate and more on ERA.com.
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ERA Yes
303 West Foothill Boulevard, #1
Glendora, CA 91741
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626.963.0097
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Data last updated: Tuesday, February 21, 2017 at 5:34 PM. Properties in listings may have been sold or may no longer be available.