160 S Michigan Avenue, Pasadena, CA 91106

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Beds

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Baths

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Sq ft

About this home

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.

Type

Apartment

Year built

1965

Lot

9,524 sq ft

Garage

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HOA

None

Pool

View

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Solar

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Estimated payment

$47,299/mo

Principal & interest$37,924
Property tax (est.)$7,188
Home insurance (est.)$2,188

Down payment: 20% ($1,500,000)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Matt Cuong Ly, Coldwell Banker Realty, matt.ly@cbcnrt.com. MLS# AR25178432. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 8:00 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.