109 N Michigan Ave
Pasadena, CA 91106

Bd   Ba   4,491 Sqft   183 Days
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.
  • $0 HOA
  • $443/Sqft
  • MLS#AR17061539 provided by Shumei Kam of Coldwell Banker George Realty
  • Movoto last checked CRMLS for new data 2 hours ago
  • CRMLS last updated this listing 1 month ago

Home Features for 109 N Michigan Avenue, Pasadena

Year Built: 1984
Lot Size Acres: 0.23
Lot Size Square Feet: 10444
Lot Size Units: Square Feet
Lot Size Area: 10444
Price Per Square Foot: 443.11
Tax Lot: 35
Tax Tract Number: 462302
Parcel Number: 5738013031
Tax Census Tract: 4623.02
Special Listing Conditions: Standard
Standard Status: Pending
Exterior
Common Walls: 2+ Common Walls
Building Area Units: Square Feet
Average 2nd Bedroom Area Units: Square Feet
Average Studio Area Units: Square Feet
Number Of Buildings: 2
Average 3rd Bedroom Area Units: Square Feet
Average 1st Bedroom Area Units: Square Feet
Building Area Total: 4491
Parking Features: Assigned, Driveway - Combination, Parking Space
Parking Total: 8
Garage Spaces: 8
Number Of Units Total: 4
Property Attached Y/N: 1
Amenities / Utilities
Number Of Wall AC: 4
Trash Expense: 1496
Water Sewer Expense: 2075
Community Features: Sidewalks, Street Lighting
Pool Features: None
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Property History for 109 N Michigan Avenue, Pasadena

Status
Date
Price
Pending
May 30, 2017
Listed
Mar 24, 2017
$1,990,000
#AR17061539
Listed
Dec 19, 2016
$1,990,000
#AR16765430
Listed
Aug 16, 2016
$2,050,000
#AR16180509

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Real Estate Market Statistics for 109 N Michigan Avenue, Pasadena

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109 N Michigan Avenue

No data!
Catalina Villas
Pasadena
91106
List Price
Price/Sqft
Homes for Sale
Days on Movoto

List Price

$1.99M

109 N Michigan Avenue

$402K

Catalina Villas

1% y/y

Catalina Villas

$763K

91106

9% y/y

91106

$985K

Pasadena

-1% y/y

Pasadena

See all trends for Pasadena

Public Record for 109 N Michigan Avenue, Pasadena

11 Beds
8 Baths
4,491 Sqft Building Area
Quadruplex (4 units, any combination)
10,444 Sqft Lot Size
1984 Year Built
$15,000 Last Sale Price
02/25/2005 Last Sale Date
As of , there are 54 properties listed for sale in ZIP code 91106 and 282 properties listed for sale in the city of Pasadena, CA. Those 282 properties include 151 single family homes and 131 condos. This property at 109 N Michigan Ave in 91106 is currently listed for $1,990,000. This is 102% above the median price of $985,000 for Pasadena and 161% above the median of $763,500 for 91106. 109 N Michigan Ave is approximately 4,491 square feet, which is 146% above the Pasadena median of 1,825 and 191% above the 91106 ZIP code median of 1,542. This property's price per square foot is $443, which is 22% below the median price in 91106 of $565 and 24% below the Pasadena median of $581 per Sqft.
Built in 1984, this multi family house at 109 N Michigan Ave is approximately 4,491 square feet and comes with 8 parking spots. It is listed on 03/24/2017 with a cost per Sqft of $443. 109 N Michigan Ave is located in the Catalina Villas neighborhood in the Pasadena Unified. The closest school is McKinley School.

109 N Michigan Ave has been on the market for 183 days. The median days on the market for properties in this area is 36 with a median list price of $985,000 and median cost per square foot of $581. It's currently listed as pending under the MLS #AR17061539.

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