580 N Holliston Ave - Apartments FOR SALE


Pasadena, CA 91106
$2,400,000 USD
949-756-3232
580 N Holliston Ave, Pasadena, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/12
null | 4.87% Cap Rate

580 N Holliston Ave
Pasadena, CA 91106


HIGHLIGHTS

  • Excellent Unit Mix Consisting of One Approx. 2000 Sq. Ft. 3-Bedroom 2.5-Bath Craftsman Style Home & Four 2-Bedroom 1-Bath Units
  • Interior and Exterior Has Been Extensively Remodeled with Custom High-End Finishes
  • Great Location Near the Historic, Coveted Neighborhood of Bungalow Haven
  • 4.9% Cap Rate on Current, 6.1% on Market

OVERVIEW

We are pleased to present Holliston House & Apartments, 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, 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.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$506 USD /SF

# OF UNITS

5

PRICE/UNIT

$480,000

CAP RATE

4.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holliston House & Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,918 SF

ZONING

PSR1

APN/PARCEL ID

5739-020-017

ASK ABOUT THIS PROPERTY

Ryan LoriaTriqor GroupMore Info
949-756-3232

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Ryan LoriaTriqor GroupMore Info
949-756-3232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.