Pasadena, CA 91106 39 N Michigan Avenue

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Presented By: Len Beckman with Millennium 3 Real Estate; 714-267-1413
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# PW24242240
  • 12/02/2024
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 64
  • Baths • 2
  • SQFT • 2,256
  • Garage • 2

Home Details

This Licensed Rooming House sits 100 yards from the TOURNAMENT OF ROSES ROUTE! A well maintained turn of the century Craftsman home with 8 bedrooms and 4 baths, it is 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 licensed boarding house with good occupants and steady income. Highest and best use? Your call! 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 on-site property manager and occupants would love to remain in the property...interested buyers/investors, please specify your anticipated use in your offers
Presented By: Len Beckman with Millennium 3 Real Estate; 714-267-1413

Interior Features for 39 N Michigan Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories3

Other Rooms

Entry Level1

General for 39 N Michigan Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces2.0
Carport Y/NYes
CityPasadena
Community FeaturesUrban
CountyLos Angeles
Directionsmichigan south of main street DO NOT DISTURB OCCUPANTS
Electric Expense11400.0
Electric On Property Y/NNo
Entry Locationfront/rear
Expected Active Date 2024-12-04
Fuel Expense1.0
Garage Spaces2.0
Garage Y/NYes
Gross Income1.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense5016.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Listing TermsCash, CashToNewLoan, Submit
Lot Size Square Feet8795.0
Lot Size UnitsSquareFeet
MLS Area648 - Pasadena (SE)
MaintenanceExpense2880.0
MobileHomeRemainsYNNo
Net Operating Income34900.0
New ConstructionNo
Number Of Units Total8
Operating Expense46590.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot3
Trash Expense1.0
Water Sewer Expense6000.0
Year Built1910
Year Built SourceAssessor
ZoningPSR4

Exterior for 39 N Michigan Avenue

Building Area Total2256.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLandscaped
Lot Size Acres0.2019
Lot Size Area8795.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesConcrete
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Total Parking4.0
Water SourcePublic
WaterfrontY/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,499,985
MLS#PW24242240
List Date 12/02/2024
Property Type Multi-Family
Phone 714.742.6515
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