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160 Michigan Avenue, Pasadena, CA 91106
Priced at Only: $7,500,000
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Address: 160 Michigan Avenue, Pasadena, CA 91106
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160 Michigan Avenue
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  • MLS#: AR25178432 ( Apartment )
  • Street Address: 160 Michigan Avenue
  • Viewed: 5
  • Price: $7,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1965
  • Bldg sqft: 0
  • Days On Market: 181
  • Additional Information
  • County: LOS ANGELES
  • City: Pasadena
  • Zipcode: 91106
  • Provided by: Coldwell Banker Realty
  • Contact: Matt Cuong Matt Cuong
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Assessments
  1. None
Association Fee
  1. 0.00
Building Area Total
  1. 1.00
Carport Spaces
  1. 15.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 177
Electric Expense
  1. 600.00
Entry Location
  1. Ground
Fireplace Features
  1. None
Flooring
  1. Vinyl
Fuel Expense
  1. 600.00
Garage Rental Rate
  1. 0.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 4000.00
Heating
  1. Forced Air
Insurance Expense
  1. 7500.00
Interior Features
  1. Copper Plumbing Full
Laundry Equipment Own Lease
  1. Own
Laundry Features
  1. Inside
Laundry Income
  1. 0.00
Levels
  1. Three Or More
Lot Features
  1. 11-15 Units/Acre
Netoperatingincome
  1. 383562.00
Newtaxesexpense
  1. 937500.00
Number Of Separate Electric Meters
  1. 16
Otherexpense
  1. 53000.00
Otherexpensedescription
  1. Maint.
Parcel Number
  1. 5735009014
Parking Features
  1. Assigned
Pest Control Expense
  1. 1600.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 26706.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 444727068:CRM
Spa Features
  1. None
Tenant Pays
  1. Electricity
  2. Gas
  3. Sewer
  4. Trash Collection
  5. Water
Totalexpenses
  1. 203995.00
Trash Expense
  1. 8120.00
Uncovered Spaces
  1. 0.00
Utilities
  1. See Remarks
Vacancyallowance
  1. 17852
Water Sewer Expense
  1. 8120.00
Water Source
  1. Public
Year Built
  1. 1965
Year Built Source
  1. Assessor
Zoning
  1. PSR4
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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