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    271 N Holliston Avenue

    Pasadena, CA 91106
    • $1,600,000
    • STATUS: Active Under Contract
    • ON SITE: 152 days
    • ID#: 21698044
    Under Contract
    UPDATED: 39 min ago
    $1,600,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,328
      SQFT
    • $687
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    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 California Regional Multiple Listing Service, Inc. as of 2021-07-28T18:29:14.777. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/114537922
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    271 N Holliston Avenue Pasadena, CA 91106

    • Price: $1,600,000
    • Status: Active Under Contract
    • Updated: 39 min ago
    • ID#: 21698044
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    2,328
    SQFT
    $687
    $/SQFT
    1924
    Built
    Neighborhood:
    648 - Pasadena (SE)
    County:
    Los Angeles
    Area:
    648 - 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

    Architectural Style Spanish Direction Faces East Parking Features DrivewayShared DrivewaySide By Side View Mountain(S) View YN Yes

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating None Heating YN No

    Property Features

    Gross Income 87300 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 57969 Senior Community YN No Special Listing Conditions Standard Zoning Psr3

    Listing provided courtesy of Edward Pan of Colliers International Greater Los Angel


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-28T18:29:14.777. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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