Pasadena Infill High-Density
For Sale
Contact for pricing
137 N Michigan Ave, Pasadena, CA 91106
High-density RM-48 lot near Caltech & PCC.
Property SizeContact for details
Lot Size0.17 Acres
Days on Market115
Property Features for 137 N Michigan Ave
General Information
Standard status
Active
Lot size
0.17 Acres
Property subtype
Land
Zoning
RM-48
Listing Agency:
Growth Investment Group
(626) 224-2495
Listed By:
Handoko Chen · License #CA 01749321
Source:
Crexi
Added: Apr 21
Changed: Aug 8
Last Checked: Aug 8 at 3:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Growth Investment Group
Investment Insights
Based on property information with market context.
This 7501 square foot RM-48 high-density lot is located on N Michigan Avenue, near Caltech and Pasadena City College. The vacant lot allows for a faster, more cost-effective path to vertical construction. 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. The location offers access to amenities in the City of Pasadena, between Lake Avenue and Hill Avenue, and one lot away from the Union Street and Michigan Avenue corner. It is situated just minutes from major employment centers, the Lake Avenue Business District, and the Metro L Line, within a walkable, amenity-rich neighborhood. This parcel represents a strategic canvas to deliver much-needed housing.
Key Highlights
- High‑density RM‑48 lot allows for up to 35 buildable units, offering significant development potential.
- Prime Pasadena location near Caltech and Pasadena City College provides access to a highly educated renter pool and desirable amenities.
- Vacant lot status eliminates demolition costs, enabling a faster and more cost‑effective construction process.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,918
Businesses Nearby
Explore this area
Business Placement
Demographics for 91106, CA
24,172
Population
11,809
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
2.7 sq mi
ZIP Area
8,953
Density / Sq Mi
$89,213
Median Household Income
$59,700
Median Earnings
$2,096
Median Rent
$966,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - High-density RM-48 lot near Caltech & PCC.
Where is this residential land & home lot located?
The property is located at 137 N Michigan Ave Pasadena, CA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: High‑density RM‑48 lot allows for up to 35 buildable units, offering significant development potential.; Prime Pasadena location near Caltech and Pasadena City College provides access to a highly educated renter pool and desirable amenities.; Vacant lot status eliminates demolition costs, enabling a faster and more cost‑effective construction process.
