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$ 21,000,000
Est. payment /mo
New
165 N Michigan AVE Pasadena, CA 91106
0.52 Acres Lot
UPDATED:
03/10/2025 08:58 PM
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
Listed by Ryan Loria • Triqor Group
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