#WS25081522, KEVIN LUTZ, Listing Office: Keller Williams Realty/Pasadena
#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
- Garage Space: 52 spaces
- Private Pool: No
- List Price: $21,000,000
- Annual Tax Amount: $177,790
- Tax Year: 2024
- Lot: Irregular Lot
- Directions: Driving West on Historic Rte 66, Turn Right Onto N. Michigan Ave., Pass Union St., Property Will be on Your Left
- Year Built: 1964
- Stories: 5
- Lot Size: 0.5165 Acres
- 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: 5/8/2025, 5:20:33 PM 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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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. The most common annual income of people living in Pasadena, CA is between $35k-100k. The majority of families are single, no kids. The majority of 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
The listing price of 165 N Michigan Ave property is $21,000,000.
The property 165 N Michigan Ave is a condo located in Pasadena, California, 91106.
Active Listing: 165 N Michigan Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 165 N Michigan Ave are: James Madison Elementary School (GreatSchools Rating 4/10), Alexander Hamilton Elementary School (GreatSchools Rating 6/10), Longfellow Magnet School (GreatSchools Rating 6/10), McKinley Arts School (GreatSchools Rating 3/10), Octavia E. Butler Magnet Middle School (GreatSchools Rating 4/10), Henry E. Huntington Middle School (GreatSchools Rating 9/10), Rose City High (Continuation) (GreatSchools Rating 2/10), Marshall Fundamental (GreatSchools Rating 6/10), Learning Works (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $177,790 (source: MLS/based on county public records data).
The last sale was on December 28, 2018 for $14,000,000 (source: MLS/tax record).
The property at 165 N Michigan Ave has 0 bathroom.
The year of construction for 165 N Michigan Ave is 1964.
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.
Over 58 listings were sold over their listed price in April 2025 in Pasadena, CA. In the same period over 28 listings were sold below the listed price and 7 listings were sold for the listed price. In April 2025 in Pasadena, CA there were 3.5% more homes for sale than in March. Listings spent 25 days on the market in April 2025, and had a median list price of $1,223,114 during the same period.
From Rocket Homes Real Estate and based on county public records data.