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.
For sale
Listing Provided by:
Matt Cuong Ly DRE #01441481 matt.ly@cbcnrt.com,
Coldwell Banker Realty
Price cut: $495K (8/8)
$7,500,000
160 S Michigan Ave, Pasadena, CA 91106
39beds
24baths
1sqft
Est.:
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$7,500,000/sqft
$-- HOA
What's special
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