$7,995,000
160 S Michigan Avenue
Pasadena, CA, 91106
Property Description
Discover a prime turnkey 3-story apartment building just blocks from the renowned California Institute of Technology. This fully rehabbed property features upgraded electrical systems, 80% replumbed infrastructure, and individual electric meters. The completed soft story retrofit enhances safety and stability, while each unit boasts new bathrooms, kitchens, and flooring. Equipped with in-unit washer/dryer combos, stoves, refrigerators, and microwaves, these apartments are designed for easy rental and high occupancy rates. With its strategic location near Caltech, this property is an outstanding opportunity for investors seeking a cash-flowing asset in a desirable area.
Property Details
Price:
$7,995,000
MLS #:
AR24243115
Status:
Active
Baths:
0
Address:
160 S Michigan Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
648pasadenase
City:
Pasadena
Listed Date:
Dec 4, 2024
State:
CA
ZIP:
91106
Lot Size:
9,524 sqft / 0.22 acres (approx)
Year Built:
1965
Schools
Interior
Appliances
Gas Range
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
Wall Furnace
Exterior
Community Features
Urban
Foundation Details
Combination
Garage Spaces
0.00
Lot Features
11-15 Units/ Acre
Parking Features
Assigned
Parking Spots
15.00
Pool Features
None
Roof
Rolled/ Hot Mop
Sewer
Public Sewer
Spa Features
None
Stories Total
3
View
Mountain(s)
Water Source
Public
Financial
Tenant Pays
Electricity
Utilities
Electricity Connected, Sewer Connected, Water Connected
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Courtesy of Coldwell Banker Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 160 S Michigan Avenue
Pasadena, CA
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