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.
For sale
Listed by: Coldwell Banker Realty • Matt Cuong Ly • Contact: matt.ly@cbcnrt.com
$7,500,000
160 S Michigan Ave, Pasadena, CA 91106
39beds
24baths
1sqft
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$7,500,000/sqft
$-- HOA
What's special
- 394 days
- 105
- 3
Zillow last checked:
Listing updated:
Listed by:
Matt Cuong Ly DRE #01441481 matt.ly@cbcnrt.com,
Coldwell Banker Realty
Source: CRMLS,MLS#: AR25178432
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & 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: 394 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
$3,035/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
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Neighborhood: South
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