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Listed by: Matt Cuong Ly (626) 821-1216 DRE #01441481 | Coldwell Banker Realty (626) 445-5500
$7,500,000
17 Beds
- 10 Baths
1sqft
160 S Michigan Ave, Pasadena, CA 91106
$7,500,000
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Apartment
Built in 1965
$-- HOA
9,524 sqft lot
$7,500,000/sq.ft
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
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
1965
HOA Fees
-
Finished Area
1 sqft
Lot Size
9,524 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
AR25178432
MLS Status
Active
Days on Market
380
Cumulative Days on Market
228
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