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271 N Holliston Ave , A

Pasadena, CA 91106
  • $1,600,000
  • STATUS: Active Under Contract
  • ON SITE: 232 Days
  • MLS #: 21-698044
Under Contract
UPDATED: 84 min ago
$1,600,000
  • 4
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,328
    SQFT
  • $687
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:
Area:

School Ratings & Info

Description

Presented for sale is 271 N. Holliston Ave., a 4-Unit multi-family apartment building located just north of Colorado Blvd. in a desirable and dense residential neighborhood of Pasadena. The property is a single story apartment building with parking and storage in the rear. The building totals 2,328rentable square feet situated on an approximately 10,229 square foot rectangular lot. Originally built in 1924, the apartment has an all 1BR/1BAunit mix. Some of the rental rates at this property are below market value, with updated market rents*, the property has the potential to achieve a 4.35%CAP rate. This apartment building is conveniently located within minutes to Pasadena City College, Colorado Blvd., and Old Town Pasadena. * = Buyer should complete their own due diligence/research on compliance for rental increases.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-15T23:43:06.8. 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/114536891
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271 N Holliston Ave , A Pasadena, CA 91106

  • Price: $1,600,000
  • Status: Active Under Contract
  • Updated: 84 min ago
  • MLS #: 21-698044
4
Beds
0
Baths
0
½ Baths
0.23
Acres
2,328
SQFT
$687
$/SQFT
1924
Built
Neighborhood:
Pasadena Se
County:
Los Angeles
Area:
Pasadena Se
Property Description
Presented for sale is 271 N. Holliston Ave., a 4-Unit multi-family apartment building located just north of Colorado Blvd. in a desirable and dense residential neighborhood of Pasadena. The property is a single story apartment building with parking and storage in the rear. The building totals 2,328rentable square feet situated on an approximately 10,229 square foot rectangular lot. Originally built in 1924, the apartment has an all 1BR/1BAunit mix. Some of the rental rates at this property are below market value, with updated market rents*, the property has the potential to achieve a 4.35%CAP rate. This apartment building is conveniently located within minutes to Pasadena City College, Colorado Blvd., and Old Town Pasadena. * = Buyer should complete their own due diligence/research on compliance for rental increases.
Exterior Features

Direction Faces East Lot Size Area 10230 Other Structures Accessory Bldgs Parking Garage Shared DrivewayDrivewaySide By Side Style Spanish Total Parking 4 View Description Mountains View YN Yes

Interior Features

Baths Total 4.00 Common Walls Attached Cooling Wall/Window Equipment Gas Or Electric Dryer Hookup Heating None

Property Features

Assessed Total Value 285623 Gross Income 87300 Gross Operating Income 84681 Like Units1 4 Net Operating Income 57969.00 Number Of Buildings 1 Number Of Units 4 Owner Pays WaterGardenerOther Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 26712 Type Of Units 1BR Year Built Source Vendor Enhanced Zoning Psr3

Listing provided courtesy of Edward Pan DRE#01894476 of Colliers International Greater Los Angel.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-15T23:43:06.8. 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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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253