$3,200,000
- Beds
- Unknown
- sq ft
- 6,050
147 N Michigan Ave, Pasadena, CA 91106
147 N Michigan Ave
Pasadena, CA 91106
- 57 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 #AR24185038
Price change
$3,200,000
-8.57%
09/09/2024
CRMLS #AR24185038
Listed
$3,500,000
+12.9%
05/30/2017
CRMLS #SR17069547
Sold
$3,100,000
Schools & Community
Neighborhood:
West Central
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Curbs, Sidewalks
Community features:
Curbs, Sidewalks
Status: Active
Tomo last checked: 11/05/2024 at 2:50 AM
Listing updated: 10/07/2024 at 12:41 AM
Listed by: Kuangkai Kuo, In Realty Inc. Phone #: (626) 802-0335
MLS: CRMLS #AR24185038
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