147 N Michigan Avenue Active Save Request In-Person Tour Request Virtual Tour
Pasadena,CA 91106
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,050 sqft
Price per Sqft $528
MLS Listing ID CRAR24185038
HOA Y/N No
Year Built 1956
Lot Size 7,927 Sqft
Acres 0.18
Property Description
Significant Price Drop... Highly Motivated Seller... 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.
Location
State CA
County Los Angeles
Area Listing
Zoning PSR4
Interior
Heating Other
Cooling Central Air
Fireplace No
Laundry Other,Inside
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 5738014012