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.
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.