160 S Michigan Avenue, Pasadena, CA 91106
- $7,500,000
Listing courtesy of Listing Agent: Matt Cuong Ly (matt.ly@cbcnrt.com) from Listing Office: Coldwell Banker Realty.
- List Price
- $7,500,000
- Status
- ACTIVE
- Days on Market
- 399
- MLS#
- AR25178432
- Subtype
- Residential Income
- Year Built
- 1965
- Lot Size
- 9,524
- Acres
- 0.22
- MLS Area Major
- Pasadena (SE) (648)
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.
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Additional Information
- Zoning
- PSR4
- Flooring
- Vinyl
- Heating
- Forced Air
- Exterior Construction
- Copper Plumbing
- Stories
- Three Or More Levels
- Levels
- Three Or More
- Pool Type
- None
- Parking Features
- Assigned
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.