160 S Michigan Avenue
Pasadena, CA 91106
0.22 acres | #AR24243115
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
- Utility FeaturesElectricityConnected, SewerConnected, WaterConnected
- Lot DescriptionElevenToFifteenUnitsAcre
- Property TypeMulti-Family
- FoundationCombination
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$7,995,000
- MLS #AR24243115
- MLS #AR24243115
- ViewMountains
- Property SubtypeApartment
- Cost7995000
- Acres0.2186
- Utility SourcePublic
- Year Built1965
- Stories3
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Matt Cuong Ly (#A37406)
Listing Office: Coldwell Banker Realty (#3102)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
