580 N Holliston AVE Pasadena, CA 91106

Active

$2,400,000

5 Units

5 Beds

4 Baths

4,744 Area(sq.ft.)

11,960 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
Unit 1	4	2	1	No	$ 2,436	$ 9,744	$ 2,695
Unit 2	1	3	3	No	$ 3,900	$ 3,900	$ 5,595
2	5	11	7		$ 13,644	$ 42,876	$ 16,375

MLS #:	PW24219093MR
Days On Market:	3
County:	Los Angeles
Property Type:	Residential Income
Price per ft²:	$ 506
Price per unit:	$ 480,000
Year Built:	1963

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

Holliston House & Apartments is a charming, well-maintained and substantially upgraded 5-unit community in Pasadena, CA. The property features a one-of-a-kind unit mix consisting of a beautiful 2000 sq. ft. 3-bedroom 2.5-bath + Den craftsman style home and four 2-bedroom 1-bath units with covered parking and individual gas and electric meters. All units have been extensively remodeled with high-end designer finishes such as quartz countertops, stainless steel appliances, custom cabinetry, recessed LED lighting, fully remodeled kitchens and bathrooms. The home features central heating, a wall A/C unit in every room, washer/dryer hookups, hardwood flooring, a basement, and a den. The 2-bedroom units are spacious with an open floor plan and feature high quality wood-look tile flooring, custom walk-in showers with designer tiles, new wall heating and A/C units. Nearly everything is brand new, including: roofs, plumbing, sewer line, electrical, dual-pane windows, and driveway. With strong rents in place, this asset generates a current cap rate of 4.9%, 6.1% with market rents. This property is ideal for investors seeking a well-located, turnkey asset with upside potential and NO differed maintenance.