144 N Michigan, Pasadena, California 91106, Pasadena, 91106 - 0 bed, 0 bath
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Pasadena, California 91106
Analysis of 144 N Michigan, Pasadena, California 91106 is currently available with a list price of $5,700,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Pasadena Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1987 (37 years ago), the property is well-maintained with functional infrastructure like copper plumbing and elevators, but lacks evidence of a recent comprehensive renovation. It fits the criteria for a property built within the last 25 to 40 years that remains functional but shows signs of being outdated compared to modern standards.
The property is situated within walking distance of Caltech and Pasadena City College, ensuring a consistent demand from a high-quality tenant base and excellent walkability to local amenities.
Built in 1987, the building features copper plumbing, an elevator, fire sprinklers, and in-unit washer/dryers, which reduces long-term maintenance concerns and enhances tenant appeal.
With 29 subterranean parking spaces for 15 units, the property offers a high parking ratio and additional storage, a significant competitive advantage in the dense Pasadena rental market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 19994, other record living area = 15714.
The current list price of $5.9M is notably lower than the 2017 sale price of $6.3M, suggesting a potential decline in asset value or a shift in local market conditions over the last several years.
The property is listed as having no views, which may limit its ability to command premium rents compared to other multi-family assets in the area that offer mountain or city vistas.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1987 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 14, 2026
$5,700,000
$5,900,000
-3% Price Drop
Initial Listing
Mar 13, 2026
$5,900,000
Initial Listing
Aug 15, 2017
$6,300,000
Public Record
Jun 4, 2004
$2,920,000
Public Record
Mar 30, 2001
$1,485,000
Public Record