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Description Open House Details Location Schools Recent Sales
$7,500,000 Est. $27,617 / 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: 376
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.

Open House

Property Details and Features

Building
Built in 1965
1 building
3 stories
Levels:
ThreeOrMore
Entry level:
1
Entry location:
Ground
Construction Materials:
CopperPlumbing
Community
Urban
Expenses
Electric:
$600
Fuel:
$600
Gardener:
$4,000
Insurance:
$7,500
Operating:
$211,495
Pest Control:
$1,600
Trash:
$8,120
Water/Sewer:
$8,120
Other Expense:
$53,000
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Tour This Home

Contact an Agent

Christopher Lechner

(562) 972-0388

Location

$7,500,000 -
160 S Michigan Avenue Pasadena , CA 91106
MLS Area (Major): 648 - Pasadena (SE)

Street View

Nearby Schools

Recent Sales in the Area