130 S Michigan Avenue Pasadena, CA $ 4,880,000
130 S Michigan Avenue
$ 4,880,000
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130 S Michigan Avenue

Pasadena, CA, 91106
$ 4,880,000
Bedrooms10 Baths11.0 Sq 10,672

Monthly Estimate*

$ 30,047

Listed by Marcus & Millichap
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Multi-Family Home for sale in Pasadena, CA

for $4,880,000 with 10 bedrooms and 11 full baths. This 10,672 square foot home was built in 1950 on a lot size of 0.5064.

We are pleased to present 130-136 S. Michigan Avenue, situated in the highly desirable South Lake Pasadena submarket, one of the city's most vibrant and walkable neighborhoods. Just minutes from Old Town Pasadena and thePlayhouse District, the property benefits from a prime infill location surrounded by retail, dining, and everyday amenities along SouthLake Avenue. The area offers a strong live-work-play environment, with convenient access to national retailers, local boutiques, and a wide range of restaurants. Its walkability and neighborhood appeal make it especially attractive to long-term renters. The property is also situated near major demand drivers, including the California Institute of Technology (Caltech) and Pasadena CityCollege, supporting consistent rental demand from students, faculty, and local professionals.

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Multi-Family Active

Price

$ 4,880,000

Bedrooms

10

Full Bath

11

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.5064

Year Built

1950

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

26828421

Days on Market

2

Features
General
Living Area 10672
Heating Wall Furnace
Appliances Dishwasher Microwave Refrigerator
Zoning PSR4
Year Built 1950
Stories Count 2
Levels Two
Gross Income 392988
County Los Angeles
Net Operating Income 234434
New Construction false
Property Type Residential Income
HOA false
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions Take Cordova and turn onto S Michigan Ave.
City Pasadena
Disclosures Rent Control
Senior Community Y/N false
Open Parking Spaces 7
Number Of Units Total 18
MLS Area 648 - Pasadena (SE)
Lot Size Units Square Feet
Lot Size Square Feet 22058
Rent Control Y/N true
Standard Status Active
Year Built Source Assessor
Cap Rate 4.8
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Interior
Total Stories 2
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 10
Total Baths 18
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Exterior
Parking Features Covered
Total Parking 18
Lot Size Area 22058
Number of Buildings 4
Building Area Total 10672
Lot Size Acres 0.5064
Lot Size Source Assessor
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* Excluded Features
List By
Marcus & Millichap

Broker

jeff.louks@marcusmillichap.com

Email

Affordability Calculator

$30,047
Per Month
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Monthly Principal & Interest
$30,047
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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
5/1/2026$4,880,000 Listed Price

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130 S Michigan Avenue, Pasadena, CA, 91106 is a Multi-Family Home for sale at $4,880,000 with 10,672 sqft and a lot size of 0.5064. 130 S Michigan Avenue has 10 bedrooms, 11.0 baths, and was built in 1950. The property's zip code is 91106 which is in Pasadena, CA