CA > Pasadena
Pasadena, CA 91106,165 N Michigan AVE
Pasadena, CA 91106,165 N Michigan AVE
Pasadena, CA 91106,165 N Michigan AVE
Pasadena, CA 91106,165 N Michigan AVE
Pasadena, CA 91106,165 N Michigan AVE
Pasadena, CA 91106,165 N Michigan AVE
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Emma Verhoeven

Emma Verhoeven

+1(714) 360-8712
$ 21,000,000
Est. payment | /mo

0.52 Acres Lot

Save
$ 21,000,000
Est. payment | /mo
Save

0.52 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25052653

HOA Y/N No

Year Built 1964

Lot Size 0.516 Acres

Property Sub-Type Apartment

Property Description

We are pleased to present Michigan Apartments, a 46-unit apartment community situated in the heart of Pasadena, near California Institute of Technology, Pasadena City College, and Downtown Pasadena. The property features an excellent unit mix consisting of majority 2-bedroom 2-bath units with large patios/balconies, high-end finishes, and all new windows and sliders. The building has undergone major capital improvements such as a new electrical system, newly installed copper plumbing, new roof (2020), rebuilt laundry facility with state-of-the-art equipment, and a brand-new elevator taking tenants from the lower levels to the top floor penthouse units and roof access. The interiors have been tastefully renovated with quartz countertops, new cabinetry, stainless steel appliances, recessed LED lighting, laminate wood flooring, remodeled bathrooms, and new wall HVAC units. The top floor penthouse units are large, have beautiful views, central A/C, and expansive outdoor space. Other features include an outdoor area that can be used as a recreational space for tenants to relax and entertain guests, gated subterranean parking, controlled access, updated landscaping, and a new top-of-the-line security camera system. Current management has implemented a Ratio Utility Billing System (RUBS) which has increased the building's efficiency. This trophy asset is ideal for investors seeking a brilliantly located property in excellent condition with upside potential.

Location

State CA

County Los Angeles

Area 646 - Pasadena (Ne)

Zoning PSR4

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 52.0

Garage Description 52.0

Pool None

Community Features Sidewalks

Total Parking Spaces 52

Private Pool No

Building

Lot Description Irregular Lot

Story 5

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5738014023

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Ryan Loria • Triqor Group
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 360-8712

emma@verhoevenrealty.com

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165 N Michigan AVE