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131 N Michigan Avenue, Pasadena, CA 91106

Pasadena
Local realty services provided by:CENTURY 21 Sierra Properties
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 pasade
MLS#:CRAR26086347
Source:Bay East, CCAR, bridgeMLS

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 in a...

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Home facts

  • Listing ID #:CRAR26086347
  • Added:1 day(s) ago
  • Updated:April 23, 2026 at 02:45 PM

Structure and exterior

  • Lot area:0.17 Acres
  • Lot Features:Paved
  • Architectural Style:Unimproved Land
  • Exterior Features:Paved

Finances and disclosures

  • Price:$1,125,000
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at April 23, 2026

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