107 North Michigan Avenue, Pasadena, CA 91106

$2,050,000 Approx. USD 0 beds, 0 baths
10,444 sqft

Agent Remarks

High density zoned RM-48 lot in the highly-desirable city of Pasadena, California. 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.

Listing Details

Property type: Land (Lots/Land)
Status: Active
MLS# AR16180521
List price is $2,050,000
Beds: 0
Baths: 0
10,444 sqft
0.24 acres
Lot size: 10444.000
County: Los Angeles
Zoning: RM-48
MLS area: 647 - Pasadena (SW)

Last Updated: 9/19/2016

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This listing belongs to the 647 - Pasadena (SW) MLS area

The listing is zoned RM-48.
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Lat/Long: 34.147799, -118.125487.
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Broker: Courtesy of Growth Investment Group, Inc.
Listing Agent: Handoko Chen

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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