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Listed by Matt Cuong Ly • Coldwell Banker Realty
$ 7,995,000
Est. payment /mo
Active
160 S Michigan Avenue Pasadena, CA 91106
14,742 SqFt
UPDATED:
12/10/2024 07:12 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 14,742 sqft
Price per Sqft $542
MLS Listing ID CRAR24243115
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1965
Lot Size 9,524 Sqft
Property Sub-Type Other
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
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Inside
Exterior
View Mountain(s)
Building
Water Public
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