160 S Michigan AVE Active Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91106
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR24243115
Year Built 1965
Lot Size 9,522 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
Area 648 - Pasadena (Se)
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 Electricity Connected,Sewer Connected,Water Connected
View Y/N Yes
View Mountain(s)
Roof Type Rolled/Hot Mop
Building
Lot Description 11-15 Units/Acre
Story 3
Foundation Combination
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,1031 Exchange
Listing Terms Cash,Cash to New Loan,1031 Exchange
Special Listing Condition Standard