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$7,995,000

  • For Sale
  • Active
  • Multi-Family
See This Home
Save This Home
See This Home
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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.

Full Property Details for 160 S Michigan Ave

General

  • Price: $7,995,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: AR24243115
  • Updated: 12/9/2024
  • Days on Market: 44 days
  • Added to Site: 49 day(s) ago

Interior

  • Fireplace(s): None
  • Appliances: Gas Range

Rooms

Other Rooms

  • Laundry: Inside

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Parking Features: Assigned
  • Parking: Assigned

Location

  • Area: 648 - Pasadena (SE)
  • County: Los Angeles
  • Development Name: 648 - Pasadena (SE)
  • Driving Directions: Michigan Ave. & Cordova St.
  • Direction Faces: West

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 16

Structural Information

  • Foundation: Combination
  • Roof: Rolled/Hot Mop
  • Entry Location: Front
  • Stories/Levels: Three Or More
  • Stories Description: Three Or More
  • Square Feet: 14,742
  • Year Built: 1965

Unit Information

Unit 1

  • Number of Units: 4
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 4

  • Number of Units: 2
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 5

  • Number of Units: 4
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Lot Features

  • Property View: Mountain(s)
  • Lot Size (Acres): 0.2186
  • Lot Size (Sq. Ft.): 9,524
  • Lot Size Source: Assessor
  • Zoning: PSR4
  • Lot Description: 11-15 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $542.33
  • Price Per Unit: 533000
Buyer's Brokerage Compensation: Contact Listing Agent
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— 160 S Michigan Ave —

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 160 S Michigan Ave

School District:Pasadena Unified School District
RatingNameGradesDistance
3
McKinley School
325 S Oak Knoll Ave, Pasadena, CA 91101
PK-80.6 mi
5
Blair School
1201 S Marengo Ave, Pasadena, CA 91106
9-121.7 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 160 S Michigan Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/04/2024
Listed
$7,995,000
77.67%
MLS
4/10/2020
Sold
$4,500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 160 S Michigan Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$55,775
4%
$4,730,681
2%
2022
$53,867
4%
$4,637,931
2%
2021
$51,648
38%
$4,547,000
37%
2020
$37,468
—
$3,325,253
2%
2019
$37,552
-2%
$3,259,680
2%
2018
$38,269
1%
$3,195,766
2%
2017
$37,866
2%
$3,133,104
2%
2016
$36,978
1%
$3,071,672
2%
2015
$36,569
2%
$3,025,533
2%
2014
$35,865
14%
$2,966,268
16%
2013
$31,331
—
$2,550,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Recent Sales near 160 S Michigan Ave

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160 S Michigan Avenue, Pasadena, CA 91106 (MLS# AR24243115) is a Multi-Family property with 15 units containing 0 bedrooms and 0 full bathrooms. 160 S Michigan Avenue is currently listed for $7,995,000 and was received on December 04, 2024. This property is listed by Matt Ly from our Arcadia Office.Want to learn more about 160 S Michigan Avenue? Do you have questions about finding other Multi-Family real estate for sale in Pasadena? You can browse all Pasadena real estate or contact a Coldwell Banker agent to request more information.

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