147 N Michigan AVE, Pasadena, CA 91106 – AR24255739

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

$ 3,200,000

Est. payment | -/mo

7,927 Sqft Lot

Save

$ 3,200,000

Est. payment | -/mo

Save

7,927 Sqft Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID AR24255739

HOA Y/N No

Year Built 1956

Lot Size 7,927 Sqft

Property Sub-Type Apartment

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 648 - Pasadena (Se)

Zoning PSR4

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Inside, Stacked

Exterior

Parking Features Assigned

Carport Spaces 5

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 7

Private Pool No

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5738014012

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by Kuangkai Kuo • In Realty Inc. • 626-802-0335

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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147 N Michigan AVE Pasadena, CA 91106