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130 S Michigan Ave, Pasadena, CA 91106

  • $4,880,000

    •

  • 10

    bed

  • 18

    bath

  • 10,672

    Sqft ($457/Sqft)

Multi-family for sale 10 days
Movoto is helping 25 homebuyers near you

About 130 S Michigan Ave

Property type Multi-family
Neighborhood
Year built 1950
HOA fee $0/month
Lot size 0.51 Acre
Movoto estimate
Property description
We are pleased to present 130-136 S. Michigan Avenue, situated in the highly desirable South Lake Pasadena submarket, one of the city's most vibrant and walkable neighborhoods. Just minutes from Old Town Pasadena and the Playhouse Village, the property benefits from a prime infill location surrounded by retail, dining, and everyday amenities along South Lake Avenue. The area offers a strong live-work-play environment, with convenient access to national retailers, local boutiques, and a wide range of restaurants. Its walkability and neighborhood appeal make it especially attractive to long-term renters. The property is also situated near major demand drivers, including the California Institute of Technology (Caltech) and Pasadena City College, supporting consistent rental demand from students, faculty, and local professionals.
Listed by
Listing Agent - Jeffrey Louks
Listing Office - Marcus & Millichap
Source: The MLS mls logo
MLS#26828421 • last updated 1 week ago
Movoto checked The MLS for data 34 minutes ago
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Overview
Levels/Style Two
MLS # 26828421
Type Residential Income
Status Active
SqFt 10672
Lot Size (SqFt) 22058
Lot Size (Acres) 0.506
Year Built 1950
Interior
Total # of Baths 18
Total # of Bedrooms 10
Exterior
# Parking Spaces 18
Parking Desc Covered Parking
# Covered Parking Spaces 11
Add'l Structures None
Amenities / Utilities
Equipment Dishwasher, Microwave, Range/Oven, Refrigerator
Location
County Los Angeles
Zoning PSR4
APN 5735-009-008
Multifamily Details
Unit 3: Furnished No
Unit 1: Furnished No
Unit 3: Projected Rent 7400
Unit 1: Projected Rent 20600
Unit 1: Rent 1605
Unit 2: Rent 2023
Unit 3: Rent 2334
Unit 2: Furnished No
Unit 2: Projected Rent 8400
Unit 3: # Beds 2
Unit 2: # Beds 1
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 2: Actual Rent 8091
Unit 3: Actual Rent 7002
Unit Type 2106, 2107, 2108
Unit 1: Actual Rent 17656
Total # Of Buildings 4
Net Operating Income 234434
Cap Rate 4.8
Vacancy Rate 1
Gross Income 392988
Gross Operating Income 373339
Gross Rent Multiplier 12.42
Total Annual Expenses 138905
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4/10
McKinley School
public Grades K-8
Pasadena Unified School District
5/10
Blair High School
public Grades 6-12
Pasadena Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around South Lake

Explore everything this neighborhood has to offer. Learn more about South Lake.
View homes for sale in South Lake
86/100
Walk
60/100
Family
93/100
Dining
96/100
Pet
  • Real Estate
  • CA
  • Los Angeles County
  • Pasadena
  • 91106
  • South Lake
  • 130 S Michigan Ave

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