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Stacey Alysson Melman

160 S Michigan AV
Pasadena, CA, 91106
$7,500,000
Beds
0 Baths
0 SqFt
0.22 Acres
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MLS #AR25178432 image #0
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.
AGENT: Matt Cuong Ly
LISTING BROKERAGE: Coldwell Banker Realty
160 S Michigan AV
Pasadena, CA

Property Details

Price:
$7,500,000
MLS #:
AR25178432
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
648pasadenase
Listed Date:
Aug 8, 2025
Total Sq Ft:
1
Lot Size:
9,524 sqft / 0.22 acres (approx)
Year Built:
1965
648 – Pasadena (se)648pasadenase
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Schools

Interior

Flooring
VINY
Heating
FA
Interior Features
FC
Laundry Features
IN
Levels
C

Exterior

Common Walls
_2CW
Community Features
URB
Parking Spots
15
Parking Total
15
Spa Features
NO

Financial

Gross Operating Income
$593,457
Net Operating Income
$383,562

Map

Community

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