Listed by Chris Keramati, Triqor Group,

165 N Michigan Avenue

Pasadena, CA, 91106

$25,000,000

$583 per ft²
$25,000,000
$583 per ft²
Active
Active
 - For Sale
carpenters-square
42,843 ft²
property_type
Multi-family
calendar
Built 1964
Pleased to present the Michigan Apartments, a 45+1-unit apartment community located in the coveted city of Pasadena, CA. The building features amenities such as large patios/balconies, newly constructed laundry facility, controlled access, and a subterranean parking garage. The property has undergone extensive capital improvements in recent years giving it a modern appeal. Some of these upgrades include updated landscaping, modernized interiors & exteriors, new roof, top of the line security system, new mail-room, and all new windows and sliders. Approximately 57% (26 units) of units have been extensively renovated with laminate wood flooring, quartz counter-tops, stainless steel appliances, air-conditioning, and ceiling fans. Current management has implemented a Ratio Utility Billing System (RUBS) which has increased the building’s efficiency. This is a well maintained, nearly turnkey opportunity with a proven concept and clear investment potential.
MLS® ID:
PW22135759
Listed:
6/21/22
Updated:
8/8/22
Coldwell Banker Hallmark Realty
Edwin Ordubegian

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
0.51 acres lot
Lot Details
Level
Sewer
Public Sewer

Other Property Details

Area Name
646 - Pasadena (NE)
HOA Amenities
Street Lights
Garage
No
Parking
N
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
PSR4

 

Listed by Chris Keramati, Triqor Group,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/8/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 9:38 AM UTC, 8/8/22

Coldwell Banker Hallmark Realty
Edwin Ordubegian
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