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
Price:
$7,500,000
MLS #:
AR25178432
Status:
Active
Baths:
0
Address:
160 S Michigan Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
648pasadenase
City:
Pasadena
Listed Date:
Aug 8, 2025
State:
CA
ZIP:
91106
Lot Size:
9,524 sqft / 0.22 acres (approx)
Year Built:
1965
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Schools
Interior
Flooring
Vinyl
Heating
Forced Air
Laundry Features
Inside
Exterior
Community Features
Urban
Parking Features
Assigned
Parking Spots
15.00
Financial
Map
Community
- Address160 S Michigan Avenue Pasadena CA
- Area648 – Pasadena (SE)
- CityPasadena
- CountyLos Angeles
- Zip Code91106
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160 S Michigan Avenue
Pasadena, CA
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