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130 S Michigan Avenue

Pasadena, CA 91106
  • $4,880,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: 26828421
UPDATED: 68 min ago
$4,880,000
  • 10
    BEDS
  • 0.51
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,672
    SQFT
  • $457
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Listing Agent(s): Jeffrey Louks of Marcus & Millichap (818-212-2700) and Brett Sanson of Marcus & Millichap(818-212-2700)


Description

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 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-17T13:30:06.947. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
www.bobkellyteam.com/homes/176028035
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130 S Michigan Avenue Pasadena, CA 91106

  • Price: $4,880,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 68 min ago
  • ID#: 26828421
10
Beds
0
Baths
0
½ Baths
0.51
Acres
10,672
SQFT
$457
$/SQFT
1950
Built
Neighborhood:
648 - Pasadena (SE)
County:
Los Angeles
Area:
648 - Pasadena (SE)
Property Description
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 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.
Exterior Features

Open Parking Spaces 7 Parking Features Covered Parking Total 18

Interior Features

Appliances DishwasherMicrowaveRefrigerator Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 4.8 Disclosures Rent Control Gross Income 392988 Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 234434 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Zoning PSR4



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-17T13:30:06.947. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
 
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The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties
2355 Northside Drive, Suite 180
San Diego CA, 92108
Listing Agent(s): Jeffrey Louks of Marcus & Millichap (818-212-2700) and Brett Sanson of Marcus & Millichap(818-212-2700)