165 N Michigan Avenue

Pasadena, CA 91106

  • 0 Bed(s)
  • 0 Bath(s)
  • 42,843 Sqft
  • 22499
    Sqft(Lot)
$21,000,000

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 building’s efficiency. this trophy asset is ideal for investors seeking a brilliantly located property in excellent condition with upside potential.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48915588

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1964
    • Building Area Total: 42,843

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.5165
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 22499

  • Listing Price Information

    • Original List Price: 21,000,000
    • Listing Contract Date: 2025-03-10

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5738014023

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 646 - Pasadena (NE)
    • Directions: Driving West on Historic Rte 66, Turn Right Onto N. Michigan Ave., Pass Union St., Property Will be on Your Left
    • Zoning: PSR4
    • Source Property Type: Residential Income
    • Area: 646 - Pasadena (NE)
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 61
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: /
    • Property Attached: Yes
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BuyOwner last updated this listing 04/03/2025 @ 12:47

  • MLS: PW25052653
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 42,843 sqft, 22,499 sized lot, and 52 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Pasadena , in zip code 91106, this Los Angeles County Home are nearby neighborhoods.