136 S Michigan AVE Pasadena, CA 91106
Active
$5,660,000
18 Units
7 Beds
13 Baths
11,400 Area(sq.ft.)
22,058 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,860 | $ 1,860 | $ 1,950 |
| Unit 10 | 2 | 1 | 1 | No | $ 1,950 | $ 3,900 | $ 4,100 |
| Unit 11 | 1 | studio | 1 | No | $ 1,800 | $ 1,800 | $ 1,950 |
| Unit 12 | 1 | 1 | 1 | No | $ 1,715 | $ 1,715 | $ 1,950 |
| Unit 13 | 1 | studio | 1 | No | $ 1,229 | $ 1,229 | $ 1,500 |
| Unit 2 | 1 | studio | 1 | No | $ 1,739 | $ 1,739 | $ 2,000 |
| Unit 3 | 1 | studio | 1 | No | $ 1,687 | $ 1,687 | $ 1,800 |
| Unit 4 | 2 | studio | 1 | No | $ 1,700 | $ 3,400 | $ 3,700 |
| Unit 5 | 2 | studio | 1 | No | $ 1,400 | $ 2,800 | $ 3,100 |
| Unit 6 | 2 | studio | 1 | No | $ 1,536 | $ 3,072 | $ 3,600 |
| Unit 7 | 1 | 2 | 1 | No | $ 2,550 | $ 2,550 | $ 3,000 |
| Unit 8 | 2 | 2 | 1 | No | $ 1,955 | $ 3,910 | $ 4,500 |
| Unit 9 | 1 | studio | 1 | No | $ 1,060 | $ 1,060 | $ 1,300 |
| 13 | 18 | 10 | 18 | $ 30,722 | $ 47,804 | $ 53,450 |
| MLS #: | AR25013646MR |
| Days On Market: | 0 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 496 |
| Price per unit: | $ 314,444 |
| Year Built: | 1952 |
Property Details
2 parcels 130 and 136 S. Michigan Ave. total 18 units must be sold together. $30,700 monthly lease 100% leased investment opportunity:Bring offers for this beautiful 4 BUiLDINGS, 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, roof. most of the windows, kitchen and bathroom was updated in 2012. 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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 97,670 |
| Net Operating Income: | $ 259,934 |
| Cap Rate: | 4.65% |
| Actual Gross Rent: | $ 29,740 |
Structure
| Community Features: | Street Lights |
| Security Features: | Smoke Detector |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | PSR4 |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned |
| Total Parking: | 19 |
Interior
| Cooking Appliances: | Oven-Gas, Range |
| AC/Cooling: | Wall/Window Unit(s) |
| Equipment: | Community, Refrigerator |
| Heating: | Central |
| Laundry: | Community |
| Laundry Equipment: | Own |
Exterior
| Pool: | No |
| Roof: | Shingle |
Detailed Map
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