15
See all 15 photos
$21,000,000
Est. payment /mo
0.52 Acres Lot
Active
165 N Michigan AVE Pasadena, CA 91106
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25052653
Originating Board California Regional MLS
Year Built 1964
Lot Size 0.517 Acres
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
Location
State CA
County Los Angeles
Area 646 - Pasadena (Ne)
Interior
Laundry Laundry Area
Exterior
Garage Spaces 52.0
Pool None
Building
Lot Description Irregular
Water District - Public
Others
Tax ID 5738014023
Special Listing Condition Not Applicable
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Listed by Ryan Loria • Triqor Group