131 N Michigan Avenue, Pasadena, CA 91106

Pasadena
Local realty services provided by:Better Homes and Gardens Real Estate Champions
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:48 day(s) ago
  • Updated:June 09, 2026 at 10:34 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
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