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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COLDWELL BANKER GEORGE
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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.
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303 West Foothill Boulevard, #1
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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.