$7,995,000 Est. $29,440 / mo.*

160 S Michigan Avenue Pasadena , CA 91106

Property listed by Coldwell Banker Realty, Matt Cuong Ly {attribution_contact}

Description

15 Units
Property Type: Apartment
Status: Active
Year Built: 1965
Days on Website: 158
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.

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Contact an Agent

Christopher Lechner

(562) 972-0388