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Residential Income - 160 S Michigan Avenue, Pasadena, CA

$7,500,000

160 S Michigan Avenue, Pasadena, CA

160 S Michigan Avenue, Pasadena, CA 91106 - $7,500,000 · Multi-Family Home for Sale, photo 1 160 S Michigan Avenue, Pasadena, CA 91106 - $7,500,000 · Multi-Family Home for Sale, photo 2 160 S Michigan Avenue, Pasadena, CA 91106 - $7,500,000 · Multi-Family Home for Sale, photo 3 160 S Michigan Avenue, Pasadena, CA 91106 - $7,500,000 · Multi-Family Home for Sale, photo 4 160 S Michigan Avenue, Pasadena, CA 91106 - $7,500,000 · Multi-Family Home for Sale, photo 5
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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

Year built
1965
Property type
Residential Income
Lot size
9,524 sqft

Location

160 S Michigan Avenue • Pasadena, CA 91106

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Listed by

Matt Cuong Ly · Coldwell Banker Realty

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Listing courtesy of Coldwell Banker Realty. Information deemed reliable but not guaranteed.

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