160 S Michigan Avenue

Pasadena, CA 91106

$7,995,000

List Price

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bed Beds

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shower Baths

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straighten / sqft

1965

calendar_month Built

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.

Listing Information

List Price $7,995,000
Status Active
MLS AR24243115
Type Residential Income
Subtype Apartment
Year Built 1965
Lot Size 9,524
Structure Size N/A
Courtesy Of Coldwell Banker Realty
Listing Agent Matt Cuong Ly DRE#01441481

Interior Features

Laundry Information
Location(s) Inside
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features None
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Matt Cuong Ly, Coldwell Banker Realty 626-821-1216. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 10th, 2024 at 5:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.