144 N Michigan Pasadena, CA $ 5,900,000
144 N Michigan
$ 5,900,000
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144 N Michigan

Pasadena, CA, 91106
$ 5,900,000
Baths1.0 Sq 19,994

Monthly Estimate*

$ 36,327

Listed by Westside Management Group
144 N Michigan, Pasadena, CA 91106 - Image 1
Studio

Multi-Family Home for sale in Pasadena, CA

for $5,900,000 with 1 full bath. This 19,994 square foot home was built in 1987 on a lot size of 0.3545.

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.

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Multi-Family Active

Price

$ 5,900,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 84,414

Style

Lot Size

0.3545

Year Built

1987

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

SB26044815

Days on Market

3

Features
General
Sewer Public Sewer
Heating Natural Gas Wall Furnace
Cooling Electric Wall/Window Unit(s)
Utilities Cable Available Electricity Connected Natural Gas Connected Phone Available Sewer Connected Underground Utilities Water Connected
Possession Close Of Escrow
Roof Asphalt
Appliances Dishwasher Disposal Gas Oven Gas Range Microwave Refrigerator Dryer Washer
HOA Fee 0
Garage Spaces 29
Architectural Style Contemporary
Pool Features None
Security Features Closed Circuit Camera(s) Carbon Monoxide Detector(s) Fire Detection System Fire Sprinkler System Security Gate Smoke Detector(s) Security Lights
Construction Materials Copper Plumbing
Year Built 1987
Electric Standard
Tenant Pays Cable TV Electricity Gas Insurance Telephone
View None
Levels Three Or More
Property Subtype Mixed Use
Tax Year 2026
Gross Income 431016
Community Features Storm Drain(s) Street Lights Sidewalks Urban
County Los Angeles
Net Operating Income 257963
Operating Expense 171975
Insurance Expense 28528
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 172406
Facing Direction West
Garage Y/N true
Special Listing Conditions Standard No Smoking
Status Active
Directions South of E Walnut; North of Union St; West of N Chester; East of Mar Vista
City Pasadena
Disclosures Rent Control
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 0
Number Of Units Total 15
MLS Area 646 - Pasadena (NE)
Lot Size Units Square Feet
Lot Size Square Feet 15443
Carport Spaces 0
Number of Units Leased 15
Listing Terms Cash Conventional 1031 Exchange
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 84414.6
Electric Expense 4800
Current Financing None
Fuel Expense 0
Property Condition Turnkey
Trash Expense 31392
Water Sewer Expense 7796
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 28
Total Actual Rent 35918
Property Sub Type Additional Mixed Use
Cap Rate 4.5
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Interior
Interior Amenities Balcony Ceiling Fan(s) Elevator Granite Counters Intercom Laminate Counters Multiple Staircases Storage All Bedrooms Down
Flooring Carpet Laminate Tile
Total Stories 3
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds Screens
Laundry Features Stacked
Entry Level 1
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Exterior
Exterior Amenities Lighting Rain Gutters
Fencing None
Parking Features Assigned Controlled Entrance Concrete Covered Driveway Down Slope From Street Direct Access Electric Gate Garage Gated On Site Storage
Lot Features Landscaped Near Public Transit Sprinkler System
Water Source Public
Total Parking 29
Lot Size Area 15443
Number of Buildings 1
Spa false
Building Area Total 19994
Lot Size Acres 0.3545
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 0
Number of Separate Gas Meters 15
Number of Separate Electric Meters 15
Road Frontage Type City Street
Other Equipment Intercom
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* Excluded Features
List By
Westside Management Group

Broker

mpbelzer@hotmail.com

Email

Affordability Calculator

$43,362
Per Month
84%
16%
0%
Monthly Principal & Interest
$36,327
Monthly Property Taxes
$7,035
Monthly Home Insurance
--
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
3/13/2026$5,900,000 Listed Price

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144 N Michigan, Pasadena, CA, 91106 is a Multi-Family Home for sale at $5,900,000 with 19,994 sqft and a lot size of 0.3545. 144 N Michigan is a studio with 1.0 baths and was built in 1987. The property's zip code is 91106 which is in Pasadena, CA