Primary listing photo

144 N Michigan Ave, Pasadena, CA, 91106

33beds
19baths
19,994sqft
$5,700,000
$285price/sqft
$37,234/moest. monthly cost
$1,489,360/yrincome needed

About This Home

15-unit apartment building in the highly-desirable city of Pasadena, California. This offering presents a rare opportunity for an investor to acquire a very well-located apartment community with low tenant turnover in one of the strongest sub-markets in the West San Gabriel Valley. Located within walking distance of the world-renowned California Institute of Technology, and Pasadena City College. Has high "walkability" to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. This property is a three story building built in 1987. Offers a superb mix of one (1) 3bed + 2-1/2 bath townhouse style, two (2) 3bed + 2bath, and twelve (12) 2bed+1bath units. Total building is 15,714 sq ft which translates to a large average unit size per unit. Each unit is separately metered for electricity and gas, and equipped with stackable washer/dryers, private balcony(ies), dishwashers, microwaves and refrigerators. It is modernly equipped with copper pipe plumbing, elevator, fire sprinkler system, secured entrance, intercom system and CCTV cameras. Parking is provided by subterranean parking, with a total of 29 parking and storage spaces in the parking area.

Getting Around

92
WalkingWalker's Paradise
65
TransitGood Transit
84
BikeVery Bikeable

Schools

2/10
McKinley SchoolGrades K-80.8 mi
4/10
Blair High SchoolGrades 6-122.0 mi

Construction

Condition

  • Property condition: Turnkey
  • Year built: 1987

Materials

  • Roof: Asphalt
  • Construction materials: Copper Plumbing

Type & Style

  • Home type: MultiFamily
  • Architectural style: Contemporary
  • Property subType: Mixed Use

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Gas Oven,Gas Range,Microwave,Refrigerator,Dryer,Washer
  • Laundry features: Stacked

Bedroom

  • Features: All Bedrooms Down

Bedrooms & Bathrooms

  • Bedrooms: 33
  • Bathrooms: 19

Features

  • Balcony,Ceiling Fan(s),Elevator,Granite Counters,Intercom,Laminate Counters,Multiple Staircases,Storage,All Bedrooms Down
  • Window features: Blinds,Screens
  • Flooring: Carpet,Laminate,Tile
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: Natural Gas,Wall Furnace
  • Cooling features: Electric,Wall/Window Unit(s)

Interior Area

  • Total structure area: 19,994
  • Total interior livable area: 19,994 sqft

Property

Details

  • Parcel number: 5738019028
  • Attached to another structure: Yes
  • Special condition: Standard,No Smoking
  • Other equipment: Intercom

Features

  • Levels: Three Or More
  • Stories: 3
  • Entry location: 1
  • Pool features: None
  • Exterior features: Lighting,Rain Gutters
  • Spa features: None
  • Fencing: None
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 0.35 Acres
  • Features: Landscaped,Near Public Transit,Sprinkler System

Parking

  • Total spaces: 29
  • Parking features: Assigned,Controlled Entrance,Concrete,Covered,Driveway Down Slope From Street,Direct Access,Electric Gate,Garage,Gated,On Site,Storage
  • Has garage: Yes
  • Attached garage spaces: 29
  • Covered spaces: 29