147 N Michigan Ave Pasadena, CA 91106

$3,200,000
0.2 acres
Condo

Property details

About 147 N Michigan Ave

Significant Price Drop... Highly Motivated Seller... This meticulously maintained 7-unit building, located in a prime area just south of the 210 freeway in Pasadena, spans 6,050 rentable square feet and offers a mix of unit configurations: one unit with 3 bedrooms and 2 bathrooms, four units with 2 bedrooms and 2 bathrooms, and two units with 1 bedroom and 1 bathroom. Each unit boasts spacious layouts with abundant natural light and excellent ventilation. Completely remodeled in 2017, all 7 units feature copper piping, central AC/Heat, new kitchens, bathroom, and flooring throughout. Three units also feature in-unit laundry, offering added convenience to these modern, comfortable living spaces. Recent upgrades include a newly constructed electrical room with a 400-amp main breaker panel, ensuring compliance with city code at 60 amps per unit. Ideally located just minutes from Old Town Pasadena with easy freeway access, the property is close to Pasadena City College, Cal Tech, The Rose Bowl, and the Rose Parade Route. Colorado Boulevard’s top restaurants and amenities are nearby, enhancing its appeal to tenants. Its prime location and high demand ensure strong long-term returns and a solid hedge against inflation.

Highlights

Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.182 Acres
Year built1956
ParkingAssigned
MLS #AR24185038

Summary

  • MLS Number: AR24185038
  • MLS Name: CRMLS
  • Office Name: In Realty Inc.
  • Office Phone: (626) 802-0335
  • Listing Agent: Kuangkai Kuo

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 3:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$3,200,000

147 N Michigan Ave

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Price information

Property sales

DateEventPrice
May 16, 2017
Home Sold
$3,100,000
Aug 04, 2016
Home Sold
$1,520,000

Tax history

YearAssessmentProperty Tax
2024$3,527,886$40,289
2023$3,458,725$39,957
2022$3,390,920$38,572
2021$3,324,445$36,994
2020$3,289,744$35,596
2019$3,225,240$36,377
2018$3,162,000$18,349
2017$1,520,000$18,349

History based on county public records data.

Nearby schools

4

Madison Elementary School

Public District PK-5

1.1 mi

515 E Ashtabula St

6

Hamilton Elementary School

Public District PK-5

1.2 mi

2089 Rose Villa St

6

Longfellow Elementary School

Public District PK-5

1.5 mi

1065 E Washington Blvd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $76,019. Typical income of Pasadena, CA residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

17%
<35k
56%
35k-100k
23%
100k-200k
4%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

63%
Single, No Kids
8%
Single, with Kids
19%
Married, No Kids
10%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

9%
<11 yrs old
4%
12-17 yrs old
45%
18-34 yrs old
37%
35-64 yrs old
5%
65+ yrs old

What do the neighbors do for fun?

  • Music ConcertsMusic Concerts
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • H&MH&M
  • Banana RepublicBanana Republic
  • BloomingdalesBloomingdales

Where do the neighbors go to eat?

  • ChipotleChipotle
  • Jack In The BoxJack In The Box
  • StarbucksStarbucks

What do the neighbors drive?

  • VolkswagenVolkswagen
  • ToyotaToyota
  • AudiAudi

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • JazzJazz
  • AlternativeAlternative
All data provided by Home Junction and Claritas

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Frequently asked questions

About 147 N Michigan Ave

This home is located at 147 N Michigan Ave in Pasadena, CA and zip code 91106 in the The Verdugos neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since September 9, 2024 and is currently priced at $3,200,000.

In January 2025, from all listings sold in Pasadena, CA there were more than 22 sold above asking price, over 23 sold below and more than 9 were sold right at the asked price. The inventory of homes for sale in Pasadena, CA between December and January 2025 increased by 16.2%. The median list price of listings available in January 2025 was $1,218,933, while the average time on the real estate market was 47 days.

From Rocket Homes Real Estate and based on county public records data.

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