160 S Michigan Avenue, Pasadena, CA 91106
- $7,500,000
- List Price
- $7,500,000
- Status
- ACTIVE
- MLS#
- AR25178432
- Year Built
- 1965
- Lot Size
- 9,524
- Acres
- 0.22
- Lot Location
- 11-15 Units/Acre
- Days on Market
- 45
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Three Or More Levels
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
- Pool Description
- None
- Heat
- Forced Air
- Exterior Construction
- Copper Plumbing
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 15
- Gross Scheduled Income
- $611,242
- Operating Expense
- 211495
Listing courtesy of Listing Agent: Matt Cuong Ly (matt.ly@cbcnrt.com) from Listing Office: Coldwell Banker Realty.
Mortgage Calculator
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