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160 S Michigan Ave, Pasadena, CA 91106

  • $7,500,000

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  • —

    bed

  • —

    bath

Multi-family for sale 352 days
Movoto is helping 25 homebuyers near you

About 160 S Michigan Ave

Property type Multi-family
Neighborhood
Year built 1965
HOA fee $0/month
Lot size 9,524 Sqft
Movoto estimate
Rental estimate
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.
Listed by
Listing Agent - Matt Cuong Ly
Listing Agent Contact: Matt.ly@cbcnrt.com
Listing Office - Coldwell Banker Realty
Source: CRMLS mls logo
MLS#AR25178432 • last updated 4 months ago
Movoto checked CRMLS for data 5 minutes ago
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Overview
Levels/Style Three Or More
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.2186
Lot Size (SqFt) 9524
Year Built 1965
Interior
Laundry Inside
Flooring Vinyl
Interior Features Copper Plumbing Full
Exterior
Building Area Square Feet, 1
Parking Assigned
# Carport Spaces 15
# Parking Spaces 15
Lot Description 11-15 Units/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
County Los Angeles
Community Features Urban
Zoning PSR4
Directions Michigan Ave. & Cordova Ave.
APN 5735009014
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 17852
Expense: Trash 8120
Operating Expense 211495
Cap Rate 5.19
Expense: Insurance 7500
Total Expenses 203995
Expense: Water/ Sewer 8120
Gross Operating Income 593457
Expense: Electric 600
Gross Multiplier 12.27
Gross Scheduled Income 611242
Expense: Fuel 600
Expense: Gardener 4000
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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.

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86/100
Walk
60/100
Family
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Dining
96/100
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  • Real Estate
  • CA
  • Los Angeles County
  • Pasadena
  • 91106
  • South Lake
  • 160 S Michigan Ave

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 7/26/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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