39 N Michigan AVE Pasadena, CA 91106
Active
$1,499,987
6%
8 Units
8 Beds
4 Baths
2,256 Area(sq.ft.)
8,795 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 8 | 8 | 4 | n/a | n/a | n/a | |
| 1 | 8 | 64 | 32 | $ 0 | $ 0 | $ 0 |
| MLS #: | PW24242240MR |
| Days On Market: | 75 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 665 |
| Price per unit: | $ 187,498 |
| Year Built: | 1910 |
Property Details
Opportunity outside the fire area! This Licensed Rooming House sits near the TOURNAMENT OF ROSES ROUTE! A well maintained turn of the century Craftsman home with 8 bedrooms and 4 baths currently used as a licensed boarding house (county information is not complete). Plenty of redevelopment on Michigan due to lot size, for multi units or a large residence It's unique two story layout with basement includes five bedrooms down and 3 bedrooms up<> Each level has its own kitchen <> Bathrooms total 4; each level has a common bathroom , plus a full bathroom in units#2 and unit#3. The home includes a basement AND an attic, a detached garage<> total of 9 parking places, 8 in the rear and 1 in the front. Currently being used as a boarding house with good occupants. Highest and best use? A great opportunity for a large family, homeowner, investor and developer in the great city of Pasadena PLEASE DO NOT DISTURB THE OCCUPANTS DRIVE BY ONLY We will arrange interior look for qualified investors/buyers. The in-house property manager and occupants would love to remain in the property which will be sorted out in the near future based on interested buyers/investors and accepted offersInterested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 1 |
| Net Operating Income: | $ 34,900 |
Structure
| Community Features: | Urban |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | PSR4 |
| Land Lease Type: | Fee |
Interior
| Laundry: | Inside |
Exterior
| Pool: | No |
Detailed Map
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