160 S Michigan Avenue Pasadena, CA $ 7,500,000
160 S Michigan Avenue
$ 7,500,000
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160 S Michigan Avenue

Pasadena, CA, 91106
$ 7,500,000
Baths1.0 Sq 1

Monthly Estimate*

$ 46,179

Listed by Coldwell Banker Realty
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Studio

Single Family Home for sale in Pasadena, CA

for $7,500,000 with 1 full bath. This 1 square foot home was built in 1965 on a lot size of 0.2186.

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.

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Single Family Active

Price

$ 7,500,000

Bedrooms

Studio

Full Bath

1

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

0.2186

Year Built

1965

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

AR25178432

Days on Market

198

Features
General
Sewer PublicSewer
Heating ForcedAir
Utilities SeeRemarks
Zoning PSR4
HOA Fee 0
Garage Spaces 0
Pool Features None
Construction Materials CopperPlumbing
Year Built 1965
Tenant Pays Electricity Gas Sewer TrashCollection Water
Levels ThreeOrMore
Property Subtype Apartment
Gross Income 0
Community Features Urban
County Los Angeles
Net Operating Income 383562
Operating Expense 211495
Insurance Expense 7500
New Construction false
Property Type ResidentialIncome
HOA false
Contingency NA
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Michigan Ave. & Cordova Ave.
City Pasadena
Entry Location Ground
Senior Community Y/N false
Open Parking Spaces 0
Number Of Units Total 15
MLS Area 648 - Pasadena (SE)
Lot Size Units SquareFeet
Lot Size Square Feet 9524
Carport Spaces 15
Carport Y/N true
Listing Terms Cash CashToNewLoan Exchange1031
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 600
Fuel Expense 600
Trash Expense 8120
Water Sewer Expense 8120
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 16
Property Sub Type Additional Apartment
Taxes 937500
Cap Rate 5.19
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Interior
Flooring Vinyl
Fireplace Features None
Total Stories 3
Common Walls TwoCommonWallsOrMore
Heating Y/N true
Fireplace Y/N false
Laundry Features Inside
Entry Level 1
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Exterior
Parking Features Assigned
Lot Features ElevenToFifteenUnitsAcre
Water Source Public
Total Parking 15
Lot Size Area 9524
Number of Buildings 1
Spa false
Building Area Total 1
Lot Size Acres 0.2186
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 16
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* Excluded Features
List By
Coldwell Banker Realty

Broker

matt.ly@cbcnrt.com

Email

Affordability Calculator

$46,179
Per Month
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Monthly Principal & Interest
$46,179
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/27/2026$7,500,000 Listed Price

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160 S Michigan Avenue, Pasadena, CA, 91106 is a Single Family Home for sale at $7,500,000 with 1 sqft and a lot size of 0.2186. 160 S Michigan Avenue is a studio with 1.0 baths and was built in 1965. The property's zip code is 91106 which is in Pasadena, CA