Income Home for Sale in Pasadena, California

147 N Michigan Avenue, Pasadena, California 91106, US

$ 3,200,000
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Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

  • Price: $ 3,200,000
  • MLS ID: AR24185038
  • Property Type: Income Home
  • WEB ID: PR02984404
  • Property Status: Active
  • Lot Size: 7,927sqft
  •  Income Home for Sale in Pasadena, California
  •  Income Home for Sale in Pasadena, California
  •  Income Home for Sale in Pasadena, California
  •  Income Home for Sale in Pasadena, California
  •  Income Home for Sale in Pasadena, California
  •  Income Home for Sale in Pasadena, California
  •  Income Home for Sale in Pasadena, California
  •  Income Home for Sale in Pasadena, California

Prestige Estate Agency

+1 (424) 209-8844

info@prestigeestateagency.com

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  • Price: $ 3,200,000
  • MLS ID: AR24185038
  • Property Type: Income Home
  • WEB ID: PR02984404
  • Property Status: Active
  • Lot Size: 7,927sqft
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.

Additional Features

  • Central
  • Lot 6500-9999
  • Two
  • Parking spaces: 7.00
  • Listing Status: Active
  • Listing Agent: Kuangkai Kuo (lic# 01849263) of Arcadia
  • Listing Office: In Realty Inc. (lic# 02056372)
  • Based on information from CRISNet MLS as of 5th January 2025 at 5:39pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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