147 Michigan Avenue, Pasadena, CA 91106
  • MLS#: AR24185038 ( Apartment )
  • Street Address: 147 Michigan Avenue
  • Viewed: 2
  • Price: $3,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 0
  • Days On Market: 72
  • Additional Information
  • County: LOS ANGELES
  • City: Pasadena
  • Zipcode: 91106
  • Provided by: In Realty Inc.
  • Contact: Kuangkai Kuangkai
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Significant Price Drop... Highly Motivated Seller... This meticulously maintained 7 unit building, located in a prime area just south of the 210 freeway in Pasadena, spans 6,050 rentable square feet and offers a mix of unit configurations: one unit with 3 bedrooms and 2 bathrooms, four units with 2 bedrooms and 2 bathrooms, and two units with 1 bedroom and 1 bathroom. Each unit boasts spacious layouts with abundant natural light and excellent ventilation. Completely remodeled in 2017, all 7 units feature copper piping, central AC/Heat, new kitchens, bathroom, and flooring throughout. Three units also feature in unit laundry, offering added convenience to these modern, comfortable living spaces. Recent upgrades include a newly constructed electrical room with a 400 amp main breaker panel, ensuring compliance with city code at 60 amps per unit. Ideally located just minutes from Old Town Pasadena with easy freeway access, the property is close to Pasadena City College, Cal Tech, The Rose Bowl, and the Rose Parade Route. Colorado Boulevards top restaurants and amenities are nearby, enhancing its appeal to tenants. Its prime location and high demand ensure strong long term returns and a solid hedge against inflation.
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Features
Assessments
  1. Unknown
Building Area Total
  1. 6050.00
Carport Spaces
  1. 5.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 27
Current Financing
  1. Conventional
Electric Expense
  1. 0.00
Fireplace Features
  1. None
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Heating
  1. Central
Insurance Expense
  1. 6368.00
Laundry Features
  1. Inside
  2. Stackable
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Lot 6500-9999
Netoperatingincome
  1. 163184.00
Parcel Number
  1. 5738014012
Parking Features
  1. Assigned
Pool Features
  1. None
Postalcodeplus4
  1. 1826
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 422566067:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 63316.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 2.00
Water Sewer Expense
  1. 7550.00
Water Source
  1. Public
Year Built
  1. 1956
Year Built Source
  1. Assessor
Zoning
  1. PSR4