Property Details
4-Unit Multi-Family Residential in Pasadena (Holliston Ave.)
The Pacific Partners of Colliers International are pleased to present for sale 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 2,328 rentable square feet situated on an approximately 10,229 square foot rectangular lot. Originally built in 1924, the apartment has an all 1BR/1BA unit 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.
Investment Highlights
• First Time on Market in 21 Years
• Pasadena Prime Location – Just South of 210 Freeway, Walking Distance to Colorado Blvd./Pasadena City College
• 100% Single Story Building on Approx. 10,229 SF Lot
• Upgraded Flooring, Kitchen, and Bathroom in Most Units
• Washer/Dryer Hookups for Each Unit w/ Enclosed Garage Parking Spaces
• Long Term, Stabilized Tenants with Minimal Turnover
• Can be Purchased Together or Separately with Another 4-Plex Located at 553 Lincoln Ave. Pasadena.
- Property TypeOffice
- Submarket
- Year Built1924
- Total Acres0.01
- Number of Floors1
- ZoningPSR3 - Quadraplex
- Property ID2184611