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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.

Data Room Click Here to Access

Property Facts

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
Price Per AC $7,974,683.54
Lot Size 0.79 AC

The property consists of two parcels totaling approximately 0.795 acres (34,632 square feet) and is strategically located near the intersection of Walnut Street and Corson Street, providing excellent accessibility throughout the Pasadena.

Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 5738-015-143
  • 5738-015-130
Land Assessment
$670,967
Improvements Assessment
$0
Total Assessment
$670,967
  • Listing ID: 39377271

  • Date on Market: 2/9/2026

  • Last Updated:

  • Address: 252 Michigan Ave, Pasadena, CA 91106

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