$3,200,000
147 N Michigan AVE Pasadena, CA 91106
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$3,200,000
Est. payment /mo
7,927 Sqft Lot
Price Dropped by $300K
147 N Michigan AVE Pasadena, CA 91106
UPDATED:
10/03/2024 03:29 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR24185038
Originating Board California Regional MLS
Year Built 1956
Lot Size 7,927 Sqft
Property Description
Significant Price Drop... Highly Motivated Seller... This meticulously maintained 7-unit building, located in a prime area just south of the 210 freeway in Pasadena, spans 6,050 rentable square feet and offers a mix of unit configurations: one unit with 3 bedrooms and 2 bathrooms, four units with 2 bedrooms and 2 bathrooms, and two units with 1 bedroom and 1 bathroom. Each unit boasts spacious layouts with abundant natural light and excellent ventilation. Completely remodeled in 2017, all 7 units feature copper piping, central AC/Heat, new kitchens, bathroom, and flooring throughout. Three units also feature in-unit laundry, offering added convenience to these modern, comfortable living spaces. Recent upgrades include a newly constructed electrical room with a 400-amp main breaker panel, ensuring compliance with city code at 60 amps per unit. Ideally located just minutes from Old Town Pasadena with easy freeway access, the property is close to Pasadena City College, Cal Tech, The Rose Bowl, and the Rose Parade Route. Colorado Boulevard's top restaurants and amenities are nearby, enhancing its appeal to tenants. Its prime location and high demand ensure strong long-term returns and a solid hedge against inflation.
Location
State CA
County Los Angeles
Area 648 - Pasadena (Se)
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Other, Stacked Only
Exterior
Garage Assigned Spaces
Garage Spaces 7.0
Pool None
Building
Water District - Public
Others
Tax ID 5738014012
Special Listing Condition Not Applicable
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Listed by Kuangkai Kuo • In Realty Inc.
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