95 N Michigan Avenue

  • Pasadena

  • $5,150,000
Share

Residential Income Details

Description
The property is located on the south west side of Michigan Ave and Union St, several blocks away from the Pasadena Playhouse District, an eclectic cosmopolitan community rich in history and architecture. It is also located within walking distance to the world renowned California Institute of Technology (CALTECH) and Pasadena City College (PCC). The close proximity to some of the largest colleges in San Gabriel Valley provides a unique opportunity for an investor to rent out the units to college students. Because of this superb location, it has a Walk Score 91 out of 100, demonstrating high “walkability” to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. The property is a garden style two story building that was built in 1961. It offers a superb unit mix of four (4) 2bed+1bath, and twelve (12) 1bed+1bath units. The total building size is 10,588 square feet and it is situated on a large 14,991 square feet lot. Each unit is separately metered for electricity and gas. Ten (10) units have private patios. Some units have been updated with laminate wood flooring, mirrored closet doors, tiled bathroom, and tiled kitchen vanity. Most of the units have carpet flooring, and laminate kitchen countertops. Parking is provided by carport and tuck under parking in the back. There are total 16 parking spaces and storage spaces in the parking area. There is a shared laundry room in the parking area.
Essential
MLS #AR17145906
Price$5,150,000
Number of Units16
Sale TypeStandard
Acres0.34
Sub-TypeApartment
StatusActive
Listing BrokerageGrowth Investment Group, Inc.
Listing AgentHandoko Chen
Listing Agent BRE #01749321
Co-Listing BrokerageTSE REALTY & MANAGEMENT SERVIC
Co-Listing AgentYVONNE Matloff
Co-Listing Agent BRE #00908463
Interior
FloorCarpet,Laminate,See Remarks
CoolingWall Window
HeatingWall Heater
FireplaceNone
Exterior
ParkingAssigned
Garage Spaces0
PoolNone
Community
Area647 - Pasadena (SW)
CommunitySuburban
Address95 N Michigan Avenue
CityPasadena
CountyLos Angeles
StateCA
ZipCode91106
School

InquireNow

We ensure your contact information is kept secure.

Based on information from California Regional Multiple Listing Service, Inc. as of Monday, August 14, 2017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.