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131 N Michigan Avenue, Pasadena, CA 91106

Pasadena
Local realty services provided by:CENTURY 21 Experience
131 N Michigan Avenue,Pasadena, CA 91106
$1,125,000
  • 0.17 Acres
  • Lots / Land
  • Active
Listed by: handoko chen, justin mccardle
Office: growth investment group pasade626-594-4900
MLS#:AR26086347
Source:CRMLS

Price summary

  • Price:$1,125,000

About this home

Prime Pasadena Infill: High-Density RM-48 Lot Near Caltech & PCC – Up to 35 Buildable Units (High Density), or 17-21 units (Mid Density). A rare infill opportunity on N Michigan Avenue: a 7501SF, RM-48 high-density lot located mere steps from Caltech and Pasadena City College. Because this site is a vacant lot, developers benefit immediately from zero demolition costs, allowing for a faster, more cost-effective path to vertical construction in one of Southern California’s most supply-constrained markets. The property offers unparalleled flexibility, accommodating a wide range of builder strategies. Depending on city approvals, developers can pursue three distinct development paths: a High-Density affordable project yielding up to 35 units, a Mid-Density Transit-Oriented Development (TOD) yielding 17-21 units, or a Low-Density residential project of 5 units. This makes it an ideal acquisition for boutique builders or seasoned development firms looking to expand their footprint...

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Home facts

  • Listing ID #:AR26086347
  • Added:77 day(s) ago
  • Updated:July 07, 2026 at 10:43 AM

Structure and exterior

  • Lot area:0.17 Acres
  • Lot Features:Near Public Transit, Paved, Rectangular Lot, Street Level, Value In Land

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$1,125,000
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Experience is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Experience, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Peter Gottuso

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