39 N MICHIGAN AVE, Pasadena, California
39 N MICHIGAN AVE, Pasadena, California 91106 - DEVELOPERS Dream & Great for Investors as well!! One of highest density in Pasadena, Zoned RM-48 (48 unit per Acre) on a 8,792 SF LOT! Positioned on quiet, tree-lined street street walking distance to shops & restaurants. All along the street on beautiful condominium developments making this ready to be the next development. Close to Cal Tech, PCC, schools & transportation. Currently being rented as units bringing in great rents of approx $7,200 per month. Perfect while waiting for City plan approval for development. The configuration of the existing house give investors potential to operate existing property with great rental income. Inspection ONLY upon accepted offer. DO NOT DISTURB OR TALK TO TENANTS NOR WALK ONTO PROPERTY. Buyer to verify all information.
Listing Courtesy of RE/MAX Commercial and Investment Realty