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.

: Wall/window Unit(s)
: Mountain(s)
: Spanish
Additional Information
Colliers International Greater Los Angel
: Standard

Multi-Family For Sale

271 Holliston Avenue, Pasadena, California 91106

2,328 Sqft
Listing ID #21698044
Basic Details
Status : Active under contract
DaysOnMarket : 65
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 21698044
Price : $1,600,000
Living Area : 2,328 Sqft
Lot Size : 10,230 Sqft
Year Built : 1924
Price Per Square Foot : $687
ModificationTimestamp : 2021-04-30 22:26:18
Mortgage Calculator
$ %
$ %per year
$ %per year

Contact Agent