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160 N Holliston Ave

Pasadena, CA 91106
  • $3,600,000
  • STATUS: Active Under Contract
  • ON SITE: 37 days
  • MLS #: 21-750292
Under Contract
UPDATED: 161 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 2021-07-24T23:42:36.89. 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.markwiseproperties.com/homes/118445106
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160 N Holliston Ave Pasadena, CA 91106

  • Price: $3,600,000
  • Status: Active Under Contract
  • Updated: 161 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 2021-07-24T23:42:36.89. 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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Mark Wise | Bennion Deville Homes
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