#AR24243115, Matt Cuong Ly, Listing Office: Coldwell Banker Realty
#PW25052653·
Listing Office: Triqor Group·
Listing Agent: Ryan Loria·
Listing Office Phone: 949-756-3232
$21,000,000 List price
165 N Michigan Ave Pasadena, CA 91106
0.5 acres
Condo
Property details
About 165 N Michigan Ave
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.
Highlights
Home typeCondominium
StatusActive
Lot size0.5165 Acres
Year built1964
MLS #PW25052653
Garage52 spaces
Summary
- MLS Number: PW25052653
- MLS Name: CRMLS
- Office Name: Triqor Group
- Office Phone: (949) 756-3232
- Office Email: gary@triqorgroup.com
- Listing Agent: Ryan Loria
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: 3/14/2025, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$21,000,000
165 N Michigan Ave
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 28, 2018 | Home Sold | $14,000,000 |
| Oct 29, 2003 | Home Sold | $6,000,000 |
| Feb 02, 2001 | Home Sold | $1,058,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $15,353,791 | $177,790 |
| 2023 | $15,015,946 | $175,940 |
| 2022 | $14,721,618 | $169,903 |
| 2021 | $14,433,060 | $162,905 |
| 2020 | $14,280,000 | $156,793 |
| 2019 | $14,000,000 | $91,473 |
| 2018 | $7,497,415 | $90,517 |
| 2017 | $7,350,408 | $90,517 |
History based on county public records data.
Nearby schools
4
James Madison Elementary School
Public District KG-5
1.1 mi
•515 E Ashtabula St
6
Alexander Hamilton Elementary School
Public District KG-5
1.2 mi
•2089 Rose Villa St
6
Longfellow Magnet School
Public District KG-5
1.4 mi
•1065 E Washington Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
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. Typical family type is single, no kids. Most residents in this area 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 Concerts
Major League Soccer (MLS)
Hiking/backpacking
Where do the neighbors shop?
H&M
Banana Republic
Bloomingdales
Where do the neighbors go to eat?
Chipotle
Jack In The Box
Starbucks
What do the neighbors drive?
Volkswagen
Toyota
Audi
What do the neighbors listen to?
Rhythmic Contemporary Hits
Jazz- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 165 N Michigan Ave
This home is located at 165 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 March 10, 2025 and is currently priced at $21,000,000.
In February 2025, from all listings sold in Pasadena, CA there were more than 33 sold above asking price, over 14 sold below and more than 7 were sold right at the asked price. The number of listings in Pasadena, CA increased by 18.8% between January and February 2025. In February 2025 median list price was $1,225,785 and the average listing age was 28 days.
From Rocket Homes Real Estate and based on county public records data.