136 South Michigan Avenue

Pasadena, CA 91106

$5,960,000
Price
8
Beds
18
Baths
11,400 Sq. Ft.
$523 / Sq. Ft.
11,400
Sq. Ft.
$523
per Sq. Ft.
a front view of a house with garden
a front view of a building
a car parked in front of a house
a yellow house with flower garden in front of it
a front view of a house with garden
a front view of a house with garden
a view of a house with backyard
a front view of house with yard outdoor seating and barbeque oven
a view of a house with backyard and porch
a view of a house with backyard and sitting area
a car parked in front of white house
a view of a house with patio
a view of an house with backyard
a view of a car park in front of house
a blue car parked in front of a house
a kitchen with a sink a stove and a refrigerator
a bathroom with a sink and a mirror
a view of a bathroom from the hallway
an empty room with wooden floor and windows
a view of an empty room with wooden floor and a window
a kitchen with granite countertop a sink stove and cabinets
a bathroom with a shower and a sink

Description

Exceptional investment opportunity:Bring offers for this beautiful 4 BUiLDINGS , sale is for 2 parcels 130 and 136 S. Michigan Ave. total 18 units must be sold together. 100% leased. 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...Exceptional investment opportunity:Bring offers for this beautiful 4 BUiLDINGS , sale is for 2 parcels 130 and 136 S. Michigan Ave. total 18 units must be sold together. 100% leased. 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.
  1. Listed by Jennifer Chang • DRE #01244408 • Brokerage DRE #01983717 • IRN Realty • 626-482-2255

Property Details for 136 South Michigan Avenue

Parking Spaces Total
19
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
18.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
11400
Assessor Parcel Number
5735-009-009
LISTING UPDATED: 08/08/2024 03:31 AM

Property Details for 136 South Michigan Avenue

StatusActive
MLS #AR24101220
Days on Market174
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1952
Lot Size0.51 AC / 22,058 SF
CountyLos Angeles County

Building Information for 136 South Michigan Avenue

Stories2Residences-Year Built1952Building Size-Lot Size0.51 AC / 22,058 SF

Property Information for 136 South Michigan Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $356,880
  • Gross Scheduled Income: $356,880
  • Vacancy Allowance Rate: 4
  • Net Operating Income: $259,210
  • Cap Rate: 4.6
Expense Details
  • Operating Expense: $97,670
  • New Taxes Expense: $66,000
  • Gardener Expense: $4,830
  • Licenses Expense: $157
  • Insurance Expense: $7,526
  • Professional Management Expense: $0
  • Trash Expense: $6,914
  • Water Sewer Expense: $9,800
  • Supplies Expense: $2,443
  • Total Expenses: $97,670
Tax / Assessment Info
  • Tax Block: 1
  • Tax Tract Number: 5
  • Tax Census Tract: 4635.00
  • Tax Lot: 13
Community / Development
Community / Development
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Gas Range, Gas Water Heater, Refrigerator
  • Equipment: Community, Refrigerator
  • Water Heater Features: Gas
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Own
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Security Features: Smoke Detector(s)
  • Roof: Shingle
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
Green Info
  • Walk Score: 90
Land/Lot Info
  • Additional Parcels Description: 5735009008
  • Lot Features: 16-20 Units/Acre, Garden, Lot 20000-39999 Sqft
  • Number Of Units: 18
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 7
  • Open Other Spaces Total: 7
  • Parking Garage Spaces: 1
  • Carport Spaces: 11
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,860
  • Unit Type Total Rent: $1,860
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,716
  • Unit Type Total Rent: $1,716
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 11
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,715
  • Unit Type Total Rent: $1,715
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 12
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,148
  • Unit Type Total Rent: $1,148
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 13
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,615
  • Unit Type Total Rent: $1,615
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 2
Unit 7
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $3,300
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 3
Unit 8
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $3,400
  • Unit Type Pro Forma: 3800
  • Unit Type Type: 4
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 5
Unit 10
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,436
  • Unit Type Total Rent: $4,308
  • Unit Type Pro Forma: 5250
  • Unit Type Type: 6
Unit 11
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,358
  • Unit Type Total Rent: $2,358
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 7
Unit 12
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,955
  • Unit Type Total Rent: $3,910
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 8
Unit 13
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,060
  • Unit Type Total Rent: $1,060
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 18
  • Rent Controlled: Yes
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 2
  • Number With Range: 18
  • Number With Refrigerator: 18
  • Number Wall AC: 18

Property History for 136 South Michigan Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 136 South Michigan Avenue

Taxable ValueLand$1,004,841Additions$459,426Total$1,464,267
Tax Record2024$18,080 ($1,507 / month)
Home Facts
Total Finished SqFt6,042 SqFtAbove Grade Finished SqFt6,042 SqFtLot Size9,884 SqFtStyleMulti-Family Res (5+ Units)Year Built1952ZoningPSR4CountyLOS ANGELESAPN5735-009-009

Schools near 136 South Michigan Avenue

This home is within Pasadena Unified School District.
Rating
School
Type
Grades
Distance
McKinley School
Public - K to 8
Blair High School
Public - 6 to 12
Rose City High (Continuation) School
Public - 9 to 12
Marshall Fundamental School
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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More information about 136 South Michigan Avenue, Pasadena, CA 91106

136 South Michigan Avenue is a mixed use property for sale in Pasadena, CA 91106. This property was listed for sale on May 19, 2024 by IRN Realty, it's currently listed at $5,960,000. It has been on the market for a total of 174 days and was last sold on January 26, 2011. This listing's school district is Pasadena Unified School District. Nearby schools include McKinley School, Blair High School and Rose City High (Continuation) School. 136 South Michigan Avenue is a 8-bed, 18-bath, 11,400 sqft mixed use property built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of IRN Realty, Jennifer Chang, DRE #01244408

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.