Multifamily
130-136 S Michigan Ave
130 S Michigan Ave, Pasadena, CA 91106
Listing Price: $4,880,000
Investment Overview
Marcus and Millichap is pleased to present 130-136 S. Michigan Avenue, situated in the highly desirable South Lake Pasadena submarket, one of the city’s most vibrant and walkable neighborhoods. Just minutes from Old Town Pasadena and the Playhouse District, the property benefits from a prime infill location surrounded by retail, dining, and everyday amenities along South Lake Avenue.
The area offers a strong live-work-play environment, with convenient access to national retailers, local boutiques, and a wide range of restaurants. Its walkability and neighborhood appeal make it especially attractive to long-term renters.
The property is also situated near major demand drivers, including the California Institute of Technology (Caltech) and Pasadena City College, supporting consistent rental demand from students, faculty, and local professionals.
130-136 S Michigan Ave
Investment Highlights
- Two nine-unit multifamily buildings built in 1950 & 1952
- Highly desirable Pasadena location- walking distance to South Lake Avenue
- Strong rental demand fueled by its proximity to the Caltech and Pasadena City College
- Diverse Unit Mix: (11) Studios, (4) 1+1, (3) 2+1
- 1 parking space per unit
- Onsite manager not required
Exclusively Listed By
Financing By
Listing Price: $4,880,000
Investment Highlights
- Two nine-unit multifamily buildings built in 1950 & 1952
- Highly desirable Pasadena location- walking distance to South Lake Avenue
- Strong rental demand fueled by its proximity to the Caltech and Pasadena City College
- Diverse Unit Mix: (11) Studios, (4) 1+1, (3) 2+1
- 1 parking space per unit
- Onsite manager not required
Investment Overview
Marcus and Millichap is pleased to present 130-136 S. Michigan Avenue, situated in the highly desirable South Lake Pasadena submarket, one of the city’s most vibrant and walkable neighborhoods. Just minutes from Old Town Pasadena and the Playhouse District, the property benefits from a prime infill location surrounded by retail, dining, and everyday amenities along South Lake Avenue. The area offers a strong live-work-play environment, with convenient access to national retailers, local boutiques, and a wide range of restaurants. Its walkability and neighborhood appeal make it especially attractive to long-term renters. The property is also situated near major demand drivers, including the California Institute of Technology (Caltech) and Pasadena City College, supporting consistent rental demand from students, faculty, and local professionals.
Exclusively Listed By
Financing By
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