S Michigan AV Lot 16 Pasadena CA 91106 MLS #AR25178432

S Michigan AV Lot 16
Pasadena, CA, 91106
$7,500,000
Beds
0 Baths
0 SqFt
0.22 Acres
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Discover a prime turnkey 3-story apartment building just blocks from the renowned California Institute of Technology. This fully rehabbed property features upgraded electrical systems, 80% replumbed infrastructure, and individual electric meters. The completed soft story retrofit enhances safety and stability, while each unit boasts new bathrooms, kitchens, and flooring. Equipped with in-unit washer/dryer combos, stoves, refrigerators, and microwaves, these apartments are designed for easy rental and high occupancy rates. With its strategic location near Caltech, this property is an outstanding opportunity for investors seeking a cash-flowing asset in a desirable area.

Property Details

Price:
$7,500,000
MLS #:
AR25178432
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
648
Listed Date:
Aug 8, 2025
Total Sq Ft:
1
Lot Size:
9,524 sqft / 0.22 acres (approx)
Year Built:
1965
648

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Schools

Interior

Flooring
VINY
Heating
FA
Laundry Features
IN

Exterior

Community Features
URB
Parking Spots
15

Financial

Gross Operating Income
$593,457
Net Operating Income
$383,562

Map

Community

Subdivisions in Pasadena

Market Summary

Current real estate data for Single Family in Pasadena as of Nov 05, 2025
180
Single Family Listed
37
Avg DOM
555
Avg $ / SqFt
$1,839,657
Avg List Price

Property Summary

    S Michigan AV Lot 16 Pasadena CA is a Single Family for sale in Pasadena, CA, 91106. It is listed for $7,500,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1965. The average price per square foot for Single Family listings in Pasadena is $555. The average listing price for Single Family in Pasadena is $1,839,657.

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S Michigan AV Lot 16
Pasadena, CA