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160 S Michigan Ave
Pasadena, CA 91106 South Lake

$7,995,000 USD

Apartments For Sale • 14,742 SF

Property Details

Property Type Apartments
Total Building Size 14,742 SF
Lot Size 0.22 AC
Building Class C
Year Built 1965
Cap Rate 4.55 %

59 Transit Score

89 Walk Score

                
                    Highlights
                
                                2 Blocks to Cal Tech
                            
                                All Units Fully Rehabbed
                            
                                In Unit Wash/Dryer
                            
                                80% Cooper Plumbing
                            
                                Soft Story Completed
                            
                                All Appliances Included

Financial Summary (Actual)

Net Operating Income: $363,684 USD (2023)

Cap Rate:	4.55 %
Total Expenses:	$235,920 USD

Public Transportation

Transit/Subway	Drive	Walk	Distance
Lake Avenue Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro))	5 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Bob Hope	25 min	-	17.8 mi
Los Angeles International	41 min	-	25.7 mi
Long Beach (Daugherty Field)	42 min	-	27.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Covered
Included in Rent:	Yes

Matt Ly 626-821-1216 Coldwell Banker Commercial Realty

160 S Michigan Ave Pasadena, CA 91106 South Lake