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39 N Michigan Avenue, Pasadena, CA 91106

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For Sale

$1,499,985

8 beds • 4 baths • 2,256 sqft

Estimated Payment

$ 7,688 /mo. †

6.63% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $664.89
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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
MLS# PW24242240

Courtesy Of Millennium 3 Real Estate

(714) 267-1413

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other

Map and Directions

Directions to 39 N Michigan Avenue, Pasadena, CA 91106

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $7,688
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $7,688

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Mckinley Arts School

Grades KG-8 Public School

Pasadena, CA 91101 0.7 miles
325 s oak knoll ave

935 total students
23:1 Student teacher ratio

School Rating: D+

School Details
Other Nearby Schools Distance Type Grades School Rating
St Philip The Apostle School 0.3 miles Private KG-8
Fusion Academy Pasadena Downtown 0.4 miles Private 6-12
International School Of Los Angeles - Pasadena 0.4 miles Private PK-5
Rose City High (continuation) 0.7 miles Public 9-12 D
Polytechnic School 0.8 miles Private KG-12
Enchanted Castle Pasadena Montessori School 0.9 miles Private PK-TKG
Friends Western School 1.1 miles Private KG-5
Alexander Hamilton Elementary School 1.1 miles Public KG-5 B-
Mayfield Junior School 1.1 miles Private KG-8
James Madison Elementary School 1.2 miles Public KG-5 C
Villa Esperanza Services 1.2 miles Private KG-12
St Gregorys A & M Hovsepian School 1.2 miles Private PK-8
Our School 1.2 miles Private PK-TKG
Marshall Fundamental 1.4 miles Public 6-12 B
San Marino Montessori 1.5 miles Private PK-KG
Longfellow Magnet School 1.6 miles Public KG-5 B
The Waverly School 1.6 miles Private PK-12
Levon & Hasmig Tavlian Armenian Preschool & Kindergarden 1.6 miles Private KG
Sequoyah 1.8 miles Private KG-12

St Philip The Apostle School

Distance: 0.3 miles

Type Private

Grades: KG-8

Fusion Academy Pasadena Downtown

Distance: 0.4 miles

Type Private

Grades: 6-12

International School Of Los Angeles - Pasadena

Distance: 0.4 miles

Type Private

Grades: PK-5

Rose City High (continuation)

Distance: 0.7 miles

Type Public

Grades: 9-12

D

Polytechnic School

Distance: 0.8 miles

Type Private

Grades: KG-12

Enchanted Castle Pasadena Montessori School

Distance: 0.9 miles

Type Private

Grades: PK-TKG

Friends Western School

Distance: 1.1 miles

Type Private

Grades: KG-5

Alexander Hamilton Elementary School

Distance: 1.1 miles

Type Public

Grades: KG-5

B-

Mayfield Junior School

Distance: 1.1 miles

Type Private

Grades: KG-8

James Madison Elementary School

Distance: 1.2 miles

Type Public

Grades: KG-5

C

Villa Esperanza Services

Distance: 1.2 miles

Type Private

Grades: KG-12

St Gregorys A & M Hovsepian School

Distance: 1.2 miles

Type Private

Grades: PK-8

Our School

Distance: 1.2 miles

Type Private

Grades: PK-TKG

Marshall Fundamental

Distance: 1.4 miles

Type Public

Grades: 6-12

B

San Marino Montessori

Distance: 1.5 miles

Type Private

Grades: PK-KG

Longfellow Magnet School

Distance: 1.6 miles

Type Public

Grades: KG-5

B

The Waverly School

Distance: 1.6 miles

Type Private

Grades: PK-12

Levon & Hasmig Tavlian Armenian Preschool & Kindergarden

Distance: 1.6 miles

Type Private

Grades: KG

Sequoyah

Distance: 1.8 miles

Type Private

Grades: KG-12

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Pasadena, CA 91106

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Pasadena, CA 91106

This community’s employment is highest in the education and administrative support industries. The area’s overall household expenses are above the national average.

90° August
Hottest Average Month
43° January
Coldest Average Month
9,611 Total Households in Area
-2.9% Increase in population since the year 2010
17.7%
of households
have children
24 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Pasadena, CA 91106

Pasadena, CA 91106 has a population of 22,059 people in 9,611 households with a median age of 36.5 years old.

-2.9%
Decrease in population
since the year 2010
Population is Trending down
10,164
Total households as of 2010
0.4%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 36.5 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 42%
Hispanic 27%
Asian 24%
Other 12%
Black 5%
Native American <1%
The most prevalent ethnicity is White at 42%, followed by Hispanic at 27%, Asian at 24%, and Other at 12%.

Economics
for Pasadena, CA 91106

7,512 /sq mi
Population Density
$93,779 /yr
Median Household Income
$954,500
Median Sales Price
24 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Over $200k representing 16.64% of the households.

Transportation to Work

  • Drive 61%
  • Work from Home 20%
  • Walk or Bike 15%
  • Public Transit 3%

Occupancy by Type

Rented 5,980 58%
Owned 3,631 35%
Vacant 687 7%

White vs Blue Collar Jobs







White Collar 91%
Blue Collar 9%

Family & Education Facts
for Pasadena, CA 91106

36.5 Median Age

Average Household Size

2.3
persons per
household

37%

Married Households

Community Population By Education

Bachelors Degree 34%
Graduate Degree 31%
Some College 12%
High School Graduate 11%
Some High School 6%
Associates Degree 6%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 33.75% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
17.7% of households have children

Weather
for Pasadena, CA 91106

The weather for this area ranges from a high of 90° F in August to a low of 43° F in January

90° August
Hottest Average Month
43° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
43°
67°
Feb
45°
68°
Mar
46°
70°
Apr
49°
74°
May
53°
77°
Jun
56°
82°
Jul
60°
89°
Aug
60°
90°
Sep
59°
88°
Oct
54°
81°
Nov
48°
74°
Dec
44°
68°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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