109 N Michigan Ave
Pasadena, CA 91106

Bd   — Ba   4,491 Sqft
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.
  • Neighborhood: Catalina Villas
  • Days on Movoto: 60
  • Year Built: 1984
  • HOA: $0 HOA
  • $/Sqft: $443
  • Lot: 10,444 Sqft
  • Property Type: Multi Family
  • MLS#: AR17061539
  • MLS:
  • Listing Office: Coldwell Banker George
  • Listed By: Shumei Kam
  • Movoto last checked CRMLS for new data 2 hours ago
  • CRMLS last updated this listing 1 month ago

Home Features

Overview
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Property History

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

Public Record

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 today, , there are 47 properties listed for sale in ZIP code 91106 and 298 properties listed for sale in the city of Pasadena, CA. Of those 298 properties, there are 189 single family houses and 109 condos. The current list price for 109 N Michigan Ave is $1,990,000, which is 94% above the median price of $1,025,000 for Pasadena and 122% above the median of $895,000 for 91106. 109 N Michigan Ave is approximately 4,491 square feet, which is 128% above the median size in Pasadena of 1,970 square feet and 198% above the median size in 91106 of 1,507 Sqft. This property's price per square foot is $443, which is 26% below the median in 91106 of $598 and 25% below the Pasadena median of $588.
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 60 days. The median days on the market for properties in this area is 34 with a median list price of $1,025,000 and median cost per square foot of $588. It's currently listed as active under the MLS #AR17061539.

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