130 & 136 S. Michigan Ave.
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130 & 136 S. Michigan Ave.
2 Multifamily Properties Offered at $8,448,121 CAD in Pasadena, CA
Investment Highlights
- Excellent Location between P.C.C and Cal Tech Pasadena California, 18 Units with Large lot in a good neighborhood and long term tenants.
Executive Summary
xceptional investment opportunity: 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, which has been 40% renovated. 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)
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $8,448,121 CAD | Number of Properties | 2 |
| Price / SF | $717.77 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 4.60% | Total Building Size | 11,770 SF |
| Sale Type | Investment | Total Land Area | 0.51 AC |
| Status | Active |
| Price | $8,448,121 CAD |
| Price / SF | $717.77 CAD / SF |
| Cap Rate | 4.60% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,770 SF |
| Total Land Area | 0.51 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 136 S Michigan Ave, Pasadena, CA 91106 | Multifamily | 6,370 SF | 1952 | - |
| 130 S Michigan Ave, Pasadena, CA 91106 | Multifamily | 5,400 SF | 1950 | - |
1 of 1
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Jennifer Chang -
IRN Realty
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130 & 136 S. Michigan Ave.
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