136 S Michigan Avenue Pasadena, CA $ 5,960,000
136 S Michigan Avenue
$ 5,960,000
Recently Listed
Share Save

136 S Michigan Avenue

Pasadena, CA, 91106
$ 5,960,000
Bedrooms10 Baths13.0 Sq 11,400

Monthly Estimate*

$ 39,612

Listed by IRN Realty
136 S Michigan Avenue, Pasadena, CA 91106 - Image 1
136 S Michigan Avenue, Pasadena, CA 91106 - Image 2
136 S Michigan Avenue, Pasadena, CA 91106 - Image 3
136 S Michigan Avenue, Pasadena, CA 91106 - Image 4
136 S Michigan Avenue, Pasadena, CA 91106 - Image 5
136 S Michigan Avenue, Pasadena, CA 91106 - Image 6
136 S Michigan Avenue, Pasadena, CA 91106 - Image 7
136 S Michigan Avenue, Pasadena, CA 91106 - Image 8
136 S Michigan Avenue, Pasadena, CA 91106 - Image 9
136 S Michigan Avenue, Pasadena, CA 91106 - Image 10
136 S Michigan Avenue, Pasadena, CA 91106 - Image 11
136 S Michigan Avenue, Pasadena, CA 91106 - Image 12
136 S Michigan Avenue, Pasadena, CA 91106 - Image 13
136 S Michigan Avenue, Pasadena, CA 91106 - Image 14
136 S Michigan Avenue, Pasadena, CA 91106 - Image 15
136 S Michigan Avenue, Pasadena, CA 91106 - Image 16
136 S Michigan Avenue, Pasadena, CA 91106 - Image 17
136 S Michigan Avenue, Pasadena, CA 91106 - Image 18
136 S Michigan Avenue, Pasadena, CA 91106 - Image 19
136 S Michigan Avenue, Pasadena, CA 91106 - Image 20
136 S Michigan Avenue, Pasadena, CA 91106 - Image 21
136 S Michigan Avenue, Pasadena, CA 91106 - Image 22
136 S Michigan Avenue, Pasadena, CA 91106 - Image 23

Multi-Family Home for sale in Pasadena, CA

for $5,960,000 with 10 bedrooms and 13 full baths. This 11,400 square foot home was built in 1952 on a lot size of 0.5064.

Exceptional investment opportunity: 4 BUiLDINGS , sale is for 2 parcels 130 and 136 S. Michigan Ave. total 18 units must be sold together. 100% leased. 11400 sq ft living area, 22058 lot size. Property located in a quiet street walking distance to the Cal Tech, PCC, Old town, Shopping center on Lake Ave. Hardly any vacancy, usually rented within 1 week, easy to manage.The property offers an investor the rare opportunity to own an excellent portfolio of real estate in one of the most coveted submarkets in the San Gabriel Valley. The property, which has been 40% renovated. It is a two-story garden style apartment with 11-Studios 500 sq.ft. 4- 1Bedroom 665 sq. ft and 3-2Bedrooms 750 sq. ft (2unit) 1100 sq.ft. (1unit) Sold As Is.

See more

Multi-Family Active

Price

$ 5,960,000

Bedrooms

10

Full Bath

13

Property Type

Multi-Family

Taxes

$ 0

Style

MixedUse

Lot Size

0.5064

Year Built

1952

Town/City

Pasadena

County/Region

Los Angeles

MLS | Web ID

AR24101220

Days on Market

14

Features
General
Sewer PublicSewer
Heating Central
Cooling WallWindowUnits
Possession CloseOfEscrow
Roof Shingle
Appliances GasOven GasRange GasWaterHeater Refrigerator
Zoning PSR4
HOA 0.0
Garage Spaces 1.0
Pool Features None
Security Features SmokeDetectors
Year Built 1952
Stories 2
Levels Two
Property SubType MixedUse
Gross Income 356880.0
Community Features StreetLights
Additional Parcels Description 5735009008
County Los Angeles
Net Operating Income 259210.0
Operating Expense 97670.0
Insurance Expense 7526.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency 130 and 136 S. Michigan Ave must be sold together. Buyer to check with lender on how to write the purchase agreement for financing purposes.
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions South of 210 fwy and Colorado B
City Pasadena
Entry Location front
View Y/N N
Senior Community Y/N N
Open Parking Spaces 7.0
NumberOfUnitsTotal 18
MLS Area 647 - Pasadena (SW)
Lot Size Units SquareFeet
Lot Size Square Feet 22058.0
Private Pool N
Waterfront Y/N N
Carport Spaces 11.0
Carport Y/N Y
Number of Units Leased 18
Street Name Michigan
Listing Terms Cash
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Trash Expense 6914.0
Walk Score 90
Water Sewer Expense 9800.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 12
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 13
Total Actual Rent 29740.0
Property Sub Type Additional MixedUse
Taxes 66000.0
Cap Rate 4.6
See more
Exterior
Parking Features Assigned
Lot Features Item1620UnitsAcre Garden
Water Source Public
Total Parking 19.0
Lot Size Area 22058.0
Number of Buildings 4
Spa N
Building Area Total 11400.0
Lot Size Acres 0.5064
Lot Size Source Assessor
Number of Separate Water Meters 2
Number of Separate Gas Meters 18
Number of Separate Electric Meters 18
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
Interior
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
See more
Internal Only
Street Number 1 136
See more
* Excluded Features
List By
Irn Realty

Broker

(626) 482-2255

Phone

Affordability Calculator

$39,612
Per Month
100%
0%
0%
Monthly Principal & Interest
$39,612
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/20/2024$5,960,000 Listed Price

Map


See all

136 S Michigan Avenue, Pasadena, CA, 91106 is a Multi-Family Home for sale at $5,960,000 with 11,400 sqft and a lot size of 0.5064. 136 S Michigan Avenue has 10 bedrooms, 13.0 baths, and was built in 1952. The property's zip code is 91106 which is in Pasadena, CA