176 North Michigan Avenue
176 North Michigan Avenue
$2,030,000
3
5
3,506
3,506
$579
Closed 8/21/23
Description
We are pleased to present Michigan Apartments, a 5-unit apartment community in Pasadena, CA. The property offers an ideal unit mix of one- and two-bedroom units and is situated near California Institute of Technology, Pasadena City College, and Old Town Pasadena. The property has been overlooked by a professional management company and has undergone recent interior and exterior improvements, such as new windows, kitchens, bathrooms, laminate wood flooring, quartz countertops, and stainless-steel...We are pleased to present Michigan Apartments, a 5-unit apartment community in Pasadena, CA. The property offers an ideal unit mix of one- and two-bedroom units and is situated near California Institute of Technology, Pasadena City College, and Old Town Pasadena. The property has been overlooked by a professional management company and has undergone recent interior and exterior improvements, such as new windows, kitchens, bathrooms, laminate wood flooring, quartz countertops, and stainless-steel appliances. Additional features include covered parking, a shared laundry facility, and individual water heaters. The front two units of the property were constructed in 1898 and the rear 3-units of the property were built in 1963. With strong in-place rents generating a current cap rate of 4.4%, 5.2% with market rents, this is an inflation and recession proof investment with easy to rent units in an irreplaceable location.
- Listed by Gary Tolfa • DRE #00955403 • Brokerage DRE #01921625 • Triqor Group
Property Details for 176 North Michigan Avenue
Parking Spaces Total
0
Private PoolNo
Total Units5.0
Building TypeAttached
Lot Size SourceAssessor
Living Area3506
Assessor Parcel Number5738-019-010
Property Attached YNtrue
Location
LISTING UPDATED: 08/28/2023 06:01 AM
Property Details for 176 North Michigan Avenue
Status | Closed |
---|---|
MLS # | PW22247549 |
Days on Market | 219 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1898 |
County | Los Angeles County |
Location
Building Information for 176 North Michigan Avenue
Building/Complex176 N Michigan AveFloor-Stories-Residences-Pet Policy-Year Built1898Building Size-
Payment Calculator
$12,907 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 176 North Michigan Avenue
Property History for 176 North Michigan Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 176 North Michigan Avenue
Taxable ValueLand$1,312,374Additions$560,643Total$1,873,017
Tax Record2023$21,934 ($1,828 / month)
Home Facts
Total Finished SqFt3,506 SqFtAbove Grade Finished SqFt3,506 SqFtLot Size7,723 SqFtStyleMulti-Family Res (5+ Units)Year Built1898ZoningPSR4CountyLOS ANGELESAPN5738-019-010
Schools near 176 North Michigan Avenue
This home is within Pasadena Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 6 to 12 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
McKinley School PublicK to 8 | ||
Blair High School Public6 to 12 | ||
Rose City High (Continuation) School Public9 to 12 | ||
Marshall Fundamental School Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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