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$7,500,000

  • For Sale
  • Active
  • Multi-Family
See This Home
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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: $7,500,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: AR25178432
  • Updated: 8/8/2025
  • Days on Market: 160 days
  • Added to Site: 161 day(s) ago

Interior

  • Interior Features: Copper Plumbing (Full)
  • Fireplace(s): None
  • Flooring: Vinyl

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 Ave.

Heating & Cooling

  • Heating Type: Forced Air

Utilities

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

Structural Information

  • Entry Location: Ground
  • Stories/Levels: Three Or More
  • Stories Description: Three Or More
  • Square Feet: 1
  • Year Built: 1965

Unit Information

Unit 1

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

Unit 2

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

Unit 3

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

Unit 4

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

Unit 5

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

Unit 6

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

Unit 7

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

Lot Features

  • 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 Unit: 500000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 160 S Michigan Ave —

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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Schools serving 160 S Michigan Ave

School District:Pasadena Unified School District
NameGradesDistance
McKinley School
325 South Oak Knoll Avenue, Pasadena, CA 91101
K-50.6 mi
Blair High School
1201 South Marengo Avenue, Pasadena, CA 91106
6-81.6 mi
Disclaimer: 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
8/08/2025
Listed
$7,500,000
66.67%
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
2025
$58,846
6%
$4,921,783
4%
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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160 S Michigan Avenue, Pasadena, CA 91106 (MLS# AR25178432) is a Multi-Family property with 15 units containing 0 bedrooms and 0 full bathrooms. 160 S Michigan Avenue is currently listed for $7,500,000 and was received on August 08, 2025. 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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