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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109 N Michigan Avenue, Pasadena, CA 91106 is a property for sale.
This Pasadena, CA Multi-Family home
has a lot size of 10,444 Sq. Ft. and
has been on ZipRealty.com for 67 days.
109 N Michigan Avenue
was built in 1984 and
is currently listed for $1,990,000.
The 109 N Michigan Avenue Pasadena, CA 91106 listing is provided courtesy of COLDWELL BANKER GEORGE.
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Data last updated: Wednesday, February 22, 2017 at 10:36 PM. Properties in listings may have been sold or may no longer be available.