160 South Michigan Avenue Active

Pasadena,CA 91106

$ 7995000

- Bed

0 Bath

14742 SqFt


Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 14,742 sqft

Price per Sqft $542

MLS Listing ID AR-24243115

Year Built 1965

Lot Size 9,524 Sqft

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.

Location

State CA

County Los Angeles

Zoning PSR4

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Laundry Inside

Exterior

Parking Features Assigned

Pool None

Community Features Urban

Utilities Available Sewer Connected,Water Connected,Electricity Connected

View Y/N Yes

View Mountain(s)

Building

Lot Description 11-15 Units/Acre

Sewer Public Sewer

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