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252 Michigan Ave - Hacienda Garden Condominiums 0.79 Acres of Residential Land Offered at $6,300,000 in Pasadena, CA 91106



Executive Summary
A rare opportunity to bring an elegant 34-residence condominium project to one of Pasadena's most established and desirable neighborhoods. Thoughtfully situated on North Michigan Avenue, this offering is designed for today's discerning end user who values architecture, location, and long-term livability. The project envisions refined, modern residences with an emphasis on natural light, proportion, and comfort crafted to complement Pasadena's architectural character while delivering a contemporary lifestyle experience. Residents will enjoy proximity to Pasadena's celebrated dining, retail, cultural destinations, and major employment centers, all while residing in a quieter residential setting that offers balance and privacy. With limited new for-sale condominium inventory in Pasadena, this project represents a compelling opportunity to deliver high-quality homes into a market defined by strong owner-occupant demand and enduring value. The scale and setting make this an exceptional canvas for a thoughtfully designed luxury residential community. An ideal opportunity for a developer or owner-user group seeking to create timeless Pasadena residences in a market where quality and location continue to command premium attention. Buyer to verify all information including development potential, zoning, unit count, approvals, and feasibility to their own satisfaction.
Property Facts
| Price | $6,300,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 0.79 AC |
| Property Type | Land | ||
| Zoning | RM-32 - Vacant Commercial Land | ||
| Price | $6,300,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.79 AC |
| Zoning | RM-32 - Vacant Commercial Land |
1 Lot Available
Lot
| Price | $6,300,000 | Lot Size | 0.79 AC |
| Price Per AC | $7,974,683.54 |
| Price | $6,300,000 |
| Price Per AC | $7,974,683.54 |
| Lot Size | 0.79 AC |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (85)
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $670,967 | Total Assessment | $670,967 |
Property Taxes
Parcel Numbers
Land Assessment
$670,967
Improvements Assessment
$0
Total Assessment
$670,967
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Presented by
Sokrat Arzumanyan
252 Michigan Ave - Hacienda Garden Condominiums
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