N. Tustin - John Lewis
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Listed By: Triqor Group, Ryan Loria
Local Realty Services Provided By: Keller Williams Realty
US / CA / Avocado Heights / Unincorporated Whittier / 476 S Rall Avenue
Overview
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US / CA / Avocado Heights / Unincorporated Whittier / 476 S Rall Avenue
$21,000,000
165 N Michigan Avenue, Pasadena, CA 91106
42,843 sq ft
.52 ac
US / CA / Avocado Heights / Unincorporated Whittier / 476 S Rall Avenue
$21,000,000

165 N Michigan Avenue, Pasadena, CA 91106

Estimation provided by Keller Williams Realty Inc.
42,843 sq ft
.52 ac
Active
For Sale

Property Description

We are pleased to present Michigan Apartments, a 46-unit apartment community situated in the heart of Pasadena, near California Institute of Technology, Pasadena City College, and Downtown Pasadena. The property features an excellent unit mix consisting of majority 2-bedroom 2-bath units with large patios/balconies, high-end finishes, and all new windows and sliders. The building has undergone major capital improvements such as a new electrical system, newly installed copper plumbing, new roof (2020), rebuilt laundry facility with state-of-the-art equipment, and a brand-new elevator taking tenants from the lower levels to the top floor penthouse units and roof access. The interiors have been tastefully renovated with quartz countertops, new cabinetry, stainless steel appliances, recessed LED lighting, laminate wood flooring, remodeled bathrooms, and new wall HVAC units. The top floor penthouse units are large, have beautiful views, central A/C, and expansive outdoor space. Other features include an outdoor area that can be used as a recreational space for tenants to relax and entertain guests, gated subterranean parking, controlled access, updated landscaping, and a new top-of-the-line security camera system. Current management has implemented a Ratio Utility Billing System (RUBS) which has increased the building’s efficiency. This trophy asset is ideal for investors seeking a brilliantly located property in excellent condition with upside potential.

Property Details

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Overview
Property Type
Apartment
Property Size
42,843 sq ft
Year Built
1964
Days on Site
20 Days
Parking
52 Parking Spaces
Listing agent image
Keller Williams N Tustin
John Lewis
Keller Williams N Tustin
01998787

Activity History

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Data provided by Keller Williams Realty, Inc.
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Purchase Price: $21,000,000
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Price & Tax History

Price History
Tax History
Date
Event
Price
03/10/2025
Listed
$21,000,000
(+50%)
11/15/2018
Sold
$14,000,000
(+133.33%)
10/15/2003
Sold
$6,000,000
(+50%)
01/23/2001
Sold
$4,000,000
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$175,941
(+3.55%)
$15,015,946
Land 9,006,496 + Additions 6,009,450
2022
$169,903
(+4.3%)
$14,433,060
Land 8,656,764 + Additions 5,776,296
2021
$162,906
(+3.9%)
$14,433,060
Land 8,656,764 + Additions 5,776,296
2019
$156,794
(+73.22%)
$14,280,000
Land 8,568,000 + Additions 5,712,000
2017
$90,518
$7,497,415
Land 4,373,493 + Additions 3,123,922
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
US / CA / Avocado Heights / Unincorporated Whittier /

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Nearby Schools

Public
Private
4/10
Don Julian Elementary School
K-5th Grade
Student-Teacher Ratio: 24:1
4/10
Torch Middle School
6th-8th Grade
Student-Teacher Ratio: 21:1
7/10
Bassett High School
9th-12th Grade
Student-Teacher Ratio: 22:1

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Disclaimer: This information is provided by Precisely and subject to change. Please check the applicable school district.

Transit & Commute

Estimated commute times from Pasadena (N Wilson-N Allen)
Car-Dependent Walkable Very Walkable
Listing agent image
Keller Williams N Tustin
John Lewis
Keller Williams N Tustin
01998787
Sourced By:
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MLS Source Origin: California Regional MLS

Equal Housing Opportunity. Based on information from California Regional Multiple Listing Service, Inc. as of 3/30/2025, 11:26:23 PM EST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.

MLS Source Origin: California Regional MLS

Equal Housing Opportunity. Based on information from CRISNet MLS as of 3/30/2025, 11:26:23 PM EST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS.. Information being provided is for the consumers personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.

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