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Pasadena Residential Development Opportunity
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252 N Michigan Ave, Pasadena, CA 91106

Development opportunity for 34-residence condominium project in Pasadena.

Property SizeContact for details
Days on Market176

Property Features for 252 N Michigan Ave

General Information

Standard status Active
Property subtype Land
Listing Agency: Beverly & Co
Listed By: Sokrat Arzumanyan · License #01901158
Source: Crexi
Added: Feb 13 Changed: Aug 8 Last Checked: Aug 8 at 2:37PM

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 Beverly & Co

Investment Insights

Based on property information with market context.

This property presents a development opportunity for a 34-residence condominium project in a desirable Pasadena neighborhood. The project is designed for end users who value architecture and location. The residences are envisioned as modern, with an emphasis on natural light and comfort, complementing Pasadena's architectural character while delivering a contemporary lifestyle. Residents will be in proximity to dining, retail, cultural destinations, and employment centers, residing in a residential setting that offers balance and privacy. This project represents an opportunity to deliver homes into a market defined by owner-occupant demand. The scale and setting make this an opportunity for a designed residential community. It is an opportunity for a developer or owner-user group seeking to create Pasadena residences in a market where quality and location continue to command attention. The property is located on North Michigan Avenue.

Key Highlights

  • Rare opportunity for a 34‑residence condominium project in a desirable Pasadena neighborhood.
  • Designed for discerning end‑users valuing architecture, location, and long‑term livability.
  • Refined, modern residences emphasizing natural light, proportion, and comfort.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Food Market Butcher Mobile Phone Store Restaurant Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,918
Businesses Nearby

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Development opportunity for 34-residence condominium project in Pasadena.
Where is this residential land & home lot located?
The property is located at 252 N Michigan Ave Pasadena, CA.
What is the asking price?
The asking price for this property is $6,190,000.
What are key features of this property?
This property features: Rare opportunity for a 34‑residence condominium project in a desirable Pasadena neighborhood.; Designed for discerning end‑users valuing architecture, location, and long‑term livability.; Refined, modern residences emphasizing natural light, proportion, and comfort.
(323) 410-0848 Call to check price and availability
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