Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    160 Michigan Avenue, Pasadena, CA 91106
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    160 Michigan Avenue
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    • MLS#: AR24243115 ( Apartment )
    • Street Address: 160 Michigan Avenue
    • Viewed: 6
    • Price: $7,995,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1965
    • Bldg sqft: 0
    • Days On Market: 33
    • Additional Information
    • County: LOS ANGELES
    • City: Pasadena
    • Zipcode: 91106
    • Provided by: Coldwell Banker Realty
    • Contact: Matt Cuong Matt Cuong
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Discover a prime turnkey 3 story apartment building just blocks from the renowned California Institute of Technology. This fully rehabbed property features upgraded electrical systems, 80% replumbed infrastructure, and individual electric meters. The completed soft story retrofit enhances safety and stability, while each unit boasts new bathrooms, kitchens, and flooring. Equipped with in unit washer/dryer combos, stoves, refrigerators, and microwaves, these apartments are designed for easy rental and high occupancy rates. With its strategic location near Caltech, this property is an outstanding opportunity for investors seeking a cash flowing asset in a desirable area.
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    Features
    Appliances
    1. Gas Range
    Building Area Total
    1. 14742.00
    Carport Spaces
    1. 15.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Cooling
    1. Wall/Window Unit(s)
    Country
    1. US
    Direction Faces
    1. West
    Electric Expense
    1. 0.00
    Entry Location
    1. Front
    Fireplace Features
    1. None
    Foundation Details
    1. Combination
    Fuel Expense
    1. 0.00
    Garage Spaces
    1. 0.00
    Heating
    1. Wall Furnace
    Insurance Expense
    1. 12000.00
    Laundry Equipment Own Lease
    1. Own
    Laundry Features
    1. Inside
    Laundry Income
    1. 0.00
    Levels
    1. Three Or More
    Lot Features
    1. 11-15 Units/Acre
    Netoperatingincome
    1. 363684.00
    Newtaxesexpense
    1. 99938.00
    Number Of Separate Electric Meters
    1. 16
    Otherexpense
    1. 83982.00
    Parcel Number
    1. 5735009014
    Parking Features
    1. Assigned
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Apartment
    Property Condition
    1. Turnkey
    Roof
    1. Rolled/Hot Mop
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 428113376:CRM
    Spa Features
    1. None
    Tenant Pays
    1. Electricity
    Totalexpenses
    1. 235920.00
    Trash Expense
    1. 0.00
    Utilities
    1. Electricity Connected
    2. Sewer Connected
    3. Water Connected
    Vacancyallowance
    1. 17422
    View
    1. Mountain(s)
    Water Sewer Expense
    1. 0.00
    Water Source
    1. Public
    Year Built
    1. 1965
    Year Built Source
    1. Assessor
    Zoning
    1. PSR4
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836