For sale

Listed by: Coldwell Banker Realty • Matt Cuong Ly • Contact: 626-821-1216

$7,500,000

160 S Michigan Ave, Pasadena, CA 91106

39beds

24baths

1sqft

Get pre-qualified

Multi Family

Built in 1965

-- sqft lot

$-- Zestimate^®

$7,500,000/sqft

$-- HOA

What's special

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.

348 days

104

5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 39
Bathrooms: 24

Heating

Forced Air

Appliances

Laundry: Inside

Features

Flooring: Vinyl
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 1
Total interior livable area: 1 sqft

Property

Parking

Total spaces: 15
Parking features: Assigned
Carport spaces: 15

Features

Levels: Three Or More
Stories: 3
Entry location: Ground
Pool features: None
Spa features: None

Lot

Size: 9,524 Square Feet
Features: 11-15 Units/Acre

Details

Parcel number: 5735009014
Zoning: PSR4
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Copper Plumbing

Condition

New construction: No
Year built: 1965

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: See Remarks

Community & HOA

Community

Features: Urban

Location

Region: Pasadena

Financial & listing details

Price per square foot: $7,500,000/sqft
Date on market: 8/8/2025
Cumulative days on market: 348 days
Listing terms: Cash,Cash to New Loan,1031 Exchange
Tenant pays: Electricity, Gas, Sewer, Trash Collection, Water

Estimated market value

Not available

Estimated sales range

Not available

$3,578/mo

Price history

Date	Event	Price
8/8/2025	Price change	$7,500,000-6.2%$7,500,000/sqft
Source: CRMLS #AR25178432 Report a problem
12/4/2024	Listed for sale	$7,995,000$7,995,000/sqft
Source: CRMLS #AR24243115 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified