CA > Pasadena
Pasadena, CA 91106,165 N Michigan Avenue
Pasadena, CA 91106,165 N Michigan Avenue
Pasadena, CA 91106,165 N Michigan Avenue
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$21,000,000
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5 Beds
6 Baths
Active

165 N Michigan Avenue Pasadena, CA 91106

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Kurt Wannebo

Kurt Wannebo

Wannebo Real Estate Group Brokered by Exp Realty of California Inc.

+1(858) 405-5878

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25052653

Bedrooms 5

Property Sub-Type Res Income 2-4 Units

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 buildings 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

Zoning Public Rec

Direction Driving West on Historic Rte 66, Turn Right Onto N. Michigan Ave., Pass Union St., Property Will be on Your Left

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 5

Level or Stories 5

Others

Tax ID 5738014023

MLS Router / San Diego MLS
Listed by Ryan Loria Triqor Group

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agent

Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

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165 N Michigan Avenue

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