Pending

144 N Michigan

Pasadena, CA 91106

$5,700,000 $24,031/Mo

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Overview

Bed

Bath

19,994

Sqft

15,443

Sqft(Lot)

Description

15-unit apartment building in the highly-desirable city of Pasadena, California. This offering presents a rare opportunity for an investor to acquire a very well-located apartment community with low tenant turnover in one of the strongest sub-markets in the West San Gabriel Valley. Located within walking distance of the world-renowned California Institute of Technology, and Pasadena City College. Has high "walkability" to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. This property is a three story building built in 1987. Offers a superb mix of one (1) 3bed + 2-1/2 bath townhouse style, two (2) 3bed + 2bath, and twelve (12) 2bed+1bath units. Total building is 15,714 sq ft which translates to a large average unit size per unit. Each unit is separately metered for electricity and gas, and equipped with stackable washer/dryers, private balcony(ies), dishwashers, microwaves and refrigerators. It is modernly equipped with copper pipe plumbing, elevator, fire sprinkler system, secured entrance, intercom system and CCTV cameras. Parking is provided by subterranean parking, with a total of 29 parking and storage spaces in the parking area.

Property Details

Property Type : Residential Income

Price : $5,700,000

AD Id : 76121229

MLS Id : SB26044815

Lot Size : 15,443 Sqft

Living Area Size : 19,994

Year Built : 1987

Garage : 29

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Asphalt Exterior Property Features: Lighting,Rain Gutters Interior Features: Balcony,Ceiling Fan(s),Elevator,Granite Counters,Intercom,Laminate Counters,Multiple Staircases,Storage,All Bedrooms Down Windows: Blinds,Screens Property Appliances: Dishwasher,Disposal,Gas Oven,Gas Range,Microwave,Refrigerator,Dryer,Washer Flooring: Carpet,Laminate,Tile
Cooling Features

Electric,Wall/Window Unit(s) Air Conditioning

Heating Source

Natural Gas,Wall Furnace Has Heating

Building Information

Year Built: 1987 Building Area Total: 19,994 Construction: Copper Plumbing Roof: Asphalt
Exterior Features

Lighting,Rain Gutters

Security Features

Closed Circuit Camera(s),Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Security Gate,Smoke Detector(s),Security Lights
Pool Features

None

Laundry Features

Stacked

Fencing

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3545
Lot Size Source: Assessor Lot Size Square Feet: 15443

Listing Price Information

Original List Price: 5,700,000 Listing Contract Date: 2026-03-13
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5738019028 Tax Year: 2026 Annual Tax: 84414.6

Garage and Parking

Garage Description: Assigned,Controlled Entrance,Concrete,Covered,Driveway Down Slope From Street,Direct Access,Electric Gate,Garage,Gated,On Site,Storage

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Cable TV,Electricity,Gas,Insurance,Telephone

Other Property Info

Source Listing Status: Pending Source Neighborhood: 646 - Pasadena (NE) Directions: South of E Walnut; North of Union St; West of N Chester; East of Mar Vista Source Property Type: Residential Income Area: 646 - Pasadena (NE) Property SubType: Mixed Use
Building and Construction

Property Age: 39 Common Walls: 2+ Common Walls Property Condition: Turnkey Structure Type: Mixed Use Year Built Source: Public Records Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Three Or More

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
92 N Allen Avenue, Pasadena, CA, 91106	$2,990,000	--	--	5,971	5,971 SqFt
612 Landor Lane, Pasadena, CA, 91106	$4,995,000	4	4	4,185	4,185 SqFt
395 N Holliston Avenue, Pasadena, CA, 91106	$1,045,000	2	1	880	880 SqFt
577 N Chester Avenue, Pasadena, CA, 91106	$1,800,000	6	3	2,944	2,944 SqFt
638 N Mar Vista, Pasadena, CA, 91106	$2,580,000	--	--	5,230	5,230 SqFt
620 S Hill Avenue, Pasadena, CA, 91106	$5,495,000	4	2	4,615	4,615 SqFt
115 S Chester Avenue, Pasadena, CA, 91106	$1,720,000	--	--	3,264	3,264 SqFt
1145 Arden Road, Pasadena, CA, 91106	$45,000,000	8	2	18,565	18,565 SqFt
195 S Wilson Avenue, Pasadena, CA, 91106	$12,500,000	--	--	36,983	36,983 SqFt
972 E California #307, Pasadena, CA, 91106	$399,000	--	1	555	555 SqFt

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ByOwner last updated this listing 06/11/2026 @ 10:24

MLS: SB26044815 LISTED BY: Michael Belzer, Westside Management Group 310-849-5432 SOURCE: CRMLS