Homes for sale - 160 S Michigan AVE, Pasadena, CA 91106

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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$7,995,000

Est. payment - /mo

9,522 Sqft Lot

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UPDATED:

12/10/2024 05:25 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR24243115

Construction Status Turnkey

HOA Y/N No

Year Built 1965

Lot Size 9,522 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.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Zoning PSR4

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Gas Range

Laundry Inside

Exterior

Parking Features Assigned

Carport Spaces 15

Pool None

Community Features Urban

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N Yes

View Mountain(s)

Roof Type Rolled/Hot Mop

Total Parking Spaces 15

Private Pool No

Building

Lot Description 11-15 Units/Acre

Faces West

Story 3

Entry Level Three Or More

Foundation Combination

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 5735009014

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Matt Cuong Ly • Coldwell Banker Realty • matt.ly@cbcnrt.com

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

160 S Michigan AVE Pasadena, CA 91106