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160 S Michigan Avenue — photo 1
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Units

15

Building Size

1 sf

Lot Size

9,524 sf

Status

Active

Listing Agent: Matt Cuong Ly, Coldwell Banker Realty

Pasadena

160 S Michigan Avenue

About This Property

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.

Unit Mix

  • 4 units · 2bd / 1ba
  • 3 units · 3bd / 2ba

Neighborhood

This property is located in Pasadena. Want to learn more about the area?

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Asking Price

$7,500,000

Est. Monthly Payment

$47,924/mo

20% down · 6.5% rate · 30yr

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Listing Agent

Matt Cuong Ly

Coldwell Banker Realty