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    160 N Holliston Ave

    Pasadena, CA 91106
    • $3,600,000
    • STATUS: Active Under Contract
    • ON SITE: 41 days
    • MLS #: 21-750292
    Under Contract
    UPDATED: 41 min ago
    $3,600,000
    • 16
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,984
      SQFT
    • $401
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Description

    160 N. Holliston Ave The Holliston built in 1962 is in Pasadena which is considered one of the best places to live in Los Angeles. This 12-unit apartment building consists of 8,984 Sq. Ft. and resides on a 12,318 Sq. Ft. lot. The Holliston is comprised of (4) 2-bedrooms + 1-bathroom units, and (8) 1-bedroom + 1-Bedroom units. On-site laundry is available to the tenants along with covered parking spaces. Current rents are well below market and the opportunity exists for a new owner to add value and maximize rents resulting in a stabilized 5.6%+ Cap Rate. The location of The Holliston is in the highly desirable rental market of Pasadena, known for its trendy eateries, outdoor activities, and cool location where tenants are willing to pay to live in one of the best neighborhoods in all of Los Angeles.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-29T13:43:00.147. 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. Properties may or may not be listed by the office/agent presenting the information.
    www.haciendagroupinc.com/homes/118445106
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    160 N Holliston Ave Pasadena, CA 91106

    • Price: $3,600,000
    • Status: Active Under Contract
    • Updated: 41 min ago
    • MLS #: 21-750292
    16
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    8,984
    SQFT
    $401
    $/SQFT
    1962
    Built
    Neighborhood:
    Pasadena Se
    County:
    Los Angeles
    Area:
    Pasadena Se
    Property Description
    160 N. Holliston Ave The Holliston built in 1962 is in Pasadena which is considered one of the best places to live in Los Angeles. This 12-unit apartment building consists of 8,984 Sq. Ft. and resides on a 12,318 Sq. Ft. lot. The Holliston is comprised of (4) 2-bedrooms + 1-bathroom units, and (8) 1-bedroom + 1-Bedroom units. On-site laundry is available to the tenants along with covered parking spaces. Current rents are well below market and the opportunity exists for a new owner to add value and maximize rents resulting in a stabilized 5.6%+ Cap Rate. The location of The Holliston is in the highly desirable rental market of Pasadena, known for its trendy eateries, outdoor activities, and cool location where tenants are willing to pay to live in one of the best neighborhoods in all of Los Angeles.
    Exterior Features

    Levels Two Lot Description Walk StreetSidewalksStreet PavedStreet Lighting Lot Size Area 12318 Other Structures None Parking Garage Carport Pool Description None Pool YN No Spa None Spa YN No Total Parking 9 View Description Walk StreetTree Top View YN Yes

    Interior Features

    Bathroom Features Shower Over Tub Baths Total 12.00 Cooking Appliances Gas/Electric RangeOven Cooling Wall Unit(S)Ceiling Fan Equipment Range/Oven Flooring Mixed Heating Wall Laundry Community

    Property Features

    Assessed Total Value 3672000 Entry Floor Number 1 Gross Income 208303 Gross Operating Income 204137 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 142742.00 Number Of Buildings 1 Number Of Units 12 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 61395 Type Of Units 2 Year Built Source Vendor Enhanced Zoning Psr4

    Listing provided courtesy of David Weinberger DRE#01349349 of Keller Williams Studio City.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-29T13:43:00.147. 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. Properties may or may not be listed by the office/agent presenting the information.
     
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    La Quinta CA, 92253