147 Michigan Avenue , Pasadena, CA - 91106 is For Sale

  • AR24185038
  • AR24185038
  • AR24185038
  • AR24185038
  • AR24185038
  • AR24185038
  • AR24185038
  • AR24185038
$3,500,000· Income property

Description

This meticulously maintained 7-unit building, located in a prime area just south of the 210 freeway in Pasadena, spans 6,050 rentable square feet and offers a mix of unit configurations: one unit with 3 bedrooms and 2 bathrooms, four units with 2 bedrooms and 2 bathrooms, and two units with 1 bedroom and 1 bathroom. Each unit boasts spacious layouts with abundant natural light and excellent ventilation. Completely remodeled in 2017, all 7 units feature copper piping, central AC/Heat, new kitchens, bathroom, and flooring throughout. Three units also feature in-unit laundry, offering added convenience to these modern, comfortable living spaces. Recent upgrades include a newly constructed electrical room with a 400-amp main breaker panel, ensuring compliance with city code at 60 amps per unit. Ideally located just minutes from Old Town Pasadena with easy freeway access, the property is close to Pasadena City College, Cal Tech, The Rose Bowl, and the Rose Parade Route. Colorado Boulevard’s top restaurants and amenities are nearby, enhancing its appeal to tenants. Its prime location and high demand ensure strong long-term returns and a solid hedge against inflation.

Features

MLS#: AR24185038
List Price : $3,500,000
Total Units : 7
Net Operating Income : $163,184
Sq M : 736 M2
Year Built : 1956
Days on market : 9 Days
Gross taxes : N/A
Address : 147 Michigan Avenue
City : Pasadena
State : CA
Zip Code : 91106
Neighborhood : N/A
Fireplace Features : None
Stories : 2
Laundry : Inside, Stackable
Parking Features : Assigned
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $3,500,000
Acres : 0.182
Lot Size (Acres) : 0.182
Heating : Central
Water : Public
Sewer : Public Sewer
Parking Features : Assigned
Pool Desc : None
Cooling : Central Air
Driving Directions : E Union St & N Michigan Ave
Lot Features : Lot 6500-9999
 
Courtesy of : Kuangkai Kuo , In Realty Inc.

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