Pasadena, CA 91106,160 S Michigan Avenue
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$ 7,995,000
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160 S Michigan Avenue Pasadena, CA 91106

10 Beds

6 Baths

9,524 Sqft Lot


UPDATED:

12/10/2024 06:33 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR24243115

Bedrooms 10

HOA Y/N No

Lot Size 9,524 Sqft

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.
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.

Location

State CA

County Los Angeles

Area Pasadena (91106)

Zoning Assessor

Interior

Cooling Wall/Window

Exterior

Parking Features Unit1:Assigned

Roof Type Rolled/Hot Mop

Building

Story 3

Lot Size Range 7500-10889 SF

Level or Stories 3 Story

Others

Acceptable Financing Cash, Exchange

Space Rent $2,695

Listing Terms Cash, Exchange


San Diego Regional MLS (SDMLS)
Listed by Matt Cuong Ly • Coldwell Banker Realty

Hazel Rosete

Realtor | License ID: 01725639

+1(619) 818-4540

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160 S Michigan Avenue