176 N Michigan Ave | Pasadena, CA 91106
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- LoopNet Team
176 N Michigan Ave
Pasadena, CA 91106
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Excellent Location, Walking Distance to California Institute of Technology, Pasadena City College, and Old Town Pasadena
- 4.4% Cap Rate with Current Rents, 5.2% Cap Rate with Market Rents
- Pride-Of-Ownership Turnkey Investment Property with Strong in Place Rents
- Ideal Unit Mix with 1- and 2-Bedroom Units
Property Facts
| No. Units | 5 | Building Size | 3,506 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1898 |
| Building Class | C | Parking Ratio | 1.43/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | PSR4 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,506 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1898 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | PSR4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,735 | 657 |
| 2+1 | 3 | $2,466 | 850 |
Property Taxes
| Parcel Number | 5738-019-010 | Improvements Assessment | $642,600 |
| Land Assessment | $1,428,000 | Total Assessment | $2,070,600 |
Property Taxes
Parcel Number
5738-019-010
Land Assessment
$1,428,000
Improvements Assessment
$642,600
Total Assessment
$2,070,600
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