$4,880,000
130 S Michigan Avenue, Pasadena CA 91106
Multi-Family (18 Units)
Property type
35 days
On market
$457
Price per sqft
N/A
Garage
1950
Year built
22,058 sqft
Lot size
Home highlights
Open Houses
Overview
We are 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 Village, the property benefits from a prime infill location surrounded by retail, dining, and everyday amenities along South Lake Avenue. The area...
Listing provided by: Jeffrey Louks DRE #00908473 818-212-2780, Marcus & Millichap, Brett Sanson DRE #01387480 310-435-8576, Marcus & Millichap
Listing updated: May 9, 2026 at 07:19am.
Last checked: Jun 4, 2026 at 10:00am
Source: CRMLS #26828421
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 11 | 0 | 1 | — | $1,605 | $17,656 | $20,600 | Unfurnished |
| 4 | 1 | 1 | — | $2,023 | $8,091 | $8,400 | Unfurnished |
| 3 | 2 | 1 | — | $2,334 | $7,002 | $7,400 | Unfurnished |
# of Buildings: 4
# of Units Total: 18
Dishwasher: 18
Refrigerator: 18
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
12.4x
List Price / Annual Gross Rent
Cap Rate
4.8%
NOI / List Price
Net Operating Income: $234,434
Interior
Heating: Wall Furnace
Appliances: Dishwasher, Microwave, Refrigerator
Exterior
Stories Total: 2
Levels: Two
Garage and Parking
Parking: Covered
Uncovered Spaces: 7
Parking Total: 18
Lot Information
Land Lease: No
Parcel #: 5735009008
Zoning: PSR4
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 130 S Michigan Avenue, Pasadena, CA 91106. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,904,000
Total Interest
$4,979,337
Total Payment
$8,883,337
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$29,909
per month
Property History for 130 S Michigan Avenue
Pasadena Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 91106.
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