tomo logo

$3,200,000

Beds
Unknown
sq ft
6,050

147 N Michigan Ave, Pasadena, CA 91106

147 N Michigan Ave

Pasadena, CA 91106

  • 75 days on market
    • Price drop $300,000↓
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 Boulevard’s 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.

Details

Property type

Apartment

Lot size

7,927 sq ft

Price per sq ft

$529

Year built

1956

Price History

10/03/2024
CRMLS

CRMLS #AR24185038

Price change
$3,200,000
-8.57%
09/09/2024
CRMLS

CRMLS #AR24185038

Listed
$3,500,000
+12.9%
05/30/2017
CRMLS

CRMLS #SR17069547

Sold
$3,100,000

Schools & Community

Neighborhood: 

West Central

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

Status: Active

Tomo last checked: 11/22/2024 at 4:35 PM

Listing updated: 10/07/2024 at 12:41 AM

Listed by: Kuangkai Kuo, In Realty Inc. Phone #: (626) 802-0335

MLS: CRMLS #AR24185038

CRMLS logo

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