109 N Michigan Ave
Pasadena, CA 91106

Bd   — Ba   4,491 Sqft
This offering presents a rare opportunity for investors to acquire a well-located, multifamily/residential development site in one of the strongest sub-markets in the West San Gabriel Valley. The property is located at the south west corner of Michigan Ave and Union St. It is situated on a large 10,444 SQFT lot size with RM-48 zoning. The zoning for the property allows density up to 48-units per acre. Based on the lot size, this lot allows density up to 11-unit condominiums or apartments*. There is a 4-unit apartment structure on the lot. The building was built in 1984 and consists of three 3bedroom+1-1/2bathroom units and one 2bedroom+1-1/2 bathroom unit. Total building size is 4,491sqft. The property is separately metered for electricity and gas. Each unit has a private patio area, windows, and A/C. Parking is provided by a carport on the side of the lot. *Buyer is to verify with the City of Pasadena planning department to verify the maximum density for this property.
  • Zipcode: 91106
  • Days on Movoto: 73
  • Year Built: 1984
  • HOA:
  • $/Sqft: $456
  • Lot: 10,444 Sqft
  • Property Type: Single Family
  • MLS#: AR16180509
  • MLS:
  • Listing Office: Growth Investment Group, Inc.
  • Listing Broker: Handoko Chen
  • Movoto last checked CRMLS for new data 2 hours ago
  • CRMLS last updated this listing 3 weeks ago

Home Features for 109 N Michigan Ave , Pasadena


Property History for 109 N Michigan Ave, Pasadena

Aug 16, 2016
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Public Record for 109 N Michigan Avenue, Pasadena

Basic Info
Beds : 11
Baths : 8
Building Area : 4,491 Sqft
Quadruplex (4 units, any combination)
Partial Baths :
Rooms :
Lot Size : 10,444 Sqft
Year Built : 1984
Last Sale Price : $15,000
Last Sale Date : 02/25/2005
House Features

Real Estate Market Statistics of 109 N Michigan Avenue , Pasadena

Pasadena, California

Total Inventory For Sale

366 Homes

0% m/m +11% y/y

Median List Price


0% m/m +20% y/y

Median Days On Market

48 Days

+4% m/m +2% y/y

Median House Size

1,997 Sqft

0% m/m +16% y/y

Median Price Per Square Foot

$523 /Sqft

0% m/m +6% y/y

Median Price

109 N Michigan Ave in ZIP code 91106 is a single family home currently listed for $2,050,000. This is 73% above the median of $1,188,000 for 91106 and 118% above the median price of $938,888 for the city of Pasadena, CA. As of today, , there are 54 properties listed for sale in the 91106 area and 366 properties listed for sale in Pasadena. Of those 366 properties for sale, 252 are single family homes and 114 are condos. 109 N Michigan Ave is approximately 4,491 square feet, 125% above the Pasadena median of 1,997 and 125% above the 91106 ZIP code median of 1,997. The price per Sqft is $456, which is 14% below the median price in 91106 of $530 and 13% below the Pasadena median of $523 per square foot.

New Listings in Pasadena

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9 3 17,329
100 S Orange Grv, Pasadena
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Built in 1984, this single family house at 109 N Michigan Ave is approximately 4,491 square feet and comes with 8 parking spots. It is listed on 08/16/2016 for $2,050,000 with a cost per Sqft of $456.

109 N Michigan Ave has been on the market for 73 days. The median days on the market for properties in this area is 48 with a median list price of $938,888 and median cost per square foot of $523. It's currently listed as active under the MLS #AR16180509.

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