580 N Holliston Avenue
Pasadena, CA, 91106
$2,400,000
Beds
0 Baths
SqFt
0.27 Acres
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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.

Property Details

Price:
$2,400,000
MLS #:
PW24219093
Status:
Active
Baths:
0
Address:
580 N Holliston Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
646pasadenane
City:
Pasadena
Listed Date:
Oct 22, 2024
State:
CA
ZIP:
91106
Lot Size:
11,960 sqft / 0.27 acres (approx)
Year Built:
1963
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Rectangular Lot
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2
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580 N Holliston Avenue
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