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160 N Holliston Avenue

Pasadena, CA 91106
  • $6,080,000
  • STATUS: ACTIVE
  • ON SITE: 186 Days
  • ID#: AR23046764
UPDATED: 42 min ago
$6,080,000
  • 3
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

THE HOLLISTON - 160 N Holliston Ave, a turn-key and upgraded luxury apartment in the City of Pasadena. The property is located within the central Pasadena area (near Pasadena City College and California Institute of Technology), south of 210 Freeway and just within minutes to Old Town Pasadena area. This offering provides investors with an easy to manage upgraded apartment in an excellent location in Pasadena (Walk Score 91, Bike Score 86). The HEAVY lifting process of tenants buyout, tenants relocations, and property upgrades have been completed between 2021-2023 (18 months process), which makes this property very easy to manage and maintain with much better cash flow. The property was built in 1962 and completely renovated between 2021-2023. It is a two-story garden style apartment with beautiful new drought-tolerant landscaping, and completely redone faade and exterior paint, which offers an excellent curb appeal. It has a total of 8,984SF building size and situated on a large 12,318SF R4 lot. It offers an excellent unit mix of four (4) large 2-bedroom+2-bathroom, and eight (8) 1-bedroom+1-bathroom units. 11 out of 12 of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades, new high durability wood vinyl and tile flooring, state of the art mini-split HVAC systems, new kitchens which include new cabinets, new modern quartz countertops (w/ small breakfast counter), and new stainless-steel appliances (gas range, refrigerator, dishwasher, wine cooler, and kitchen vent hood), new bathrooms with new vanities, toilets, bathtubs, and nam THE HOLLISTON - 160 N Holliston Ave, a turn-key and upgraded luxury apartment in the City of Pasadena. The property is located within the central Pasadena area (near Pasadena City College and California Institute of Technology), south of 210 Freeway and just within minutes to Old Town Pasadena area. This offering provides investors with an easy to manage upgraded apartment in an excellent location in Pasadena (Walk Score 91, Bike Score 86). The HEAVY lifting process of tenants buyout, tenants relocations, and property upgrades have been completed between 2021-2023 (18 months process), which makes this property very easy to manage and maintain with much better cash flow. The property was built in 1962 and completely renovated between 2021-2023. It is a two-story garden style apartment with beautiful new drought-tolerant landscaping, and completely redone faade and exterior paint, which offers an excellent curb appeal. It has a total of 8,984SF building size and situated on a large 12,318SF R4 lot. It offers an excellent unit mix of four (4) large 2-bedroom+2-bathroom, and eight (8) 1-bedroom+1-bathroom units. 11 out of 12 of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades, new high durability wood vinyl and tile flooring, state of the art mini-split HVAC systems, new kitchens which include new cabinets, new modern quartz countertops (w/ small breakfast counter), and new stainless-steel appliances (gas range, refrigerator, dishwasher, wine cooler, and kitchen vent hood), new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures, and new led lighting in living room, bedroom and kitchen area, mirrored closet doors. Each unit is complete with an in-unit laundry machine (seller provided). Four ground-floor units have small private patio area. There are 12 parking spaces provided by a detached carport and tuck-under parking. Each unit is separately metered for gas and electric and serviced by central water heaters.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/137902722
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160 N Holliston Avenue Pasadena, CA 91106

  • Price: $6,080,000
  • Status: ACTIVE
  • On Site: 186 Days
  • Updated: 42 min ago
  • ID#: AR23046764
3
Beds
0
Baths
0
½ Baths
0.28
Acres
Neighborhood:
Central Pasadena/ Pcc
County:
Los Angeles
Area:
Pasadena (91106)
Property Description
THE HOLLISTON - 160 N Holliston Ave, a turn-key and upgraded luxury apartment in the City of Pasadena. The property is located within the central Pasadena area (near Pasadena City College and California Institute of Technology), south of 210 Freeway and just within minutes to Old Town Pasadena area. This offering provides investors with an easy to manage upgraded apartment in an excellent location in Pasadena (Walk Score 91, Bike Score 86). The HEAVY lifting process of tenants buyout, tenants relocations, and property upgrades have been completed between 2021-2023 (18 months process), which makes this property very easy to manage and maintain with much better cash flow. The property was built in 1962 and completely renovated between 2021-2023. It is a two-story garden style apartment with beautiful new drought-tolerant landscaping, and completely redone faade and exterior paint, which offers an excellent curb appeal. It has a total of 8,984SF building size and situated on a large 12,318SF R4 lot. It offers an excellent unit mix of four (4) large 2-bedroom+2-bathroom, and eight (8) 1-bedroom+1-bathroom units. 11 out of 12 of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades, new high durability wood vinyl and tile flooring, state of the art mini-split HVAC systems, new kitchens which include new cabinets, new modern quartz countertops (w/ small breakfast counter), and new stainless-steel appliances (gas range, refrigerator, dishwasher, wine cooler, and kitchen vent hood), new bathrooms with new vanities, toilets, bathtubs, and nam THE HOLLISTON - 160 N Holliston Ave, a turn-key and upgraded luxury apartment in the City of Pasadena. The property is located within the central Pasadena area (near Pasadena City College and California Institute of Technology), south of 210 Freeway and just within minutes to Old Town Pasadena area. This offering provides investors with an easy to manage upgraded apartment in an excellent location in Pasadena (Walk Score 91, Bike Score 86). The HEAVY lifting process of tenants buyout, tenants relocations, and property upgrades have been completed between 2021-2023 (18 months process), which makes this property very easy to manage and maintain with much better cash flow. The property was built in 1962 and completely renovated between 2021-2023. It is a two-story garden style apartment with beautiful new drought-tolerant landscaping, and completely redone faade and exterior paint, which offers an excellent curb appeal. It has a total of 8,984SF building size and situated on a large 12,318SF R4 lot. It offers an excellent unit mix of four (4) large 2-bedroom+2-bathroom, and eight (8) 1-bedroom+1-bathroom units. 11 out of 12 of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades, new high durability wood vinyl and tile flooring, state of the art mini-split HVAC systems, new kitchens which include new cabinets, new modern quartz countertops (w/ small breakfast counter), and new stainless-steel appliances (gas range, refrigerator, dishwasher, wine cooler, and kitchen vent hood), new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures, and new led lighting in living room, bedroom and kitchen area, mirrored closet doors. Each unit is complete with an in-unit laundry machine (seller provided). Four ground-floor units have small private patio area. There are 12 parking spaces provided by a detached carport and tuck-under parking. Each unit is separately metered for gas and electric and serviced by central water heaters.
Exterior Features

Irrigation Sprinklers Parking Garage Desc Unit1 Assigned Pool N/K Spa N/K Topography Level Units With Patios 4

Interior Features

Cooling Wall/Window Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Units With Cooling 12 Units With Range Oven 12 Units With Refrigerators 12 Units With Washers 11

Property Features

Actual Cap Rate 4.08 Annual Expense Actual 117395 Assessments Yes/Remarks Buildings 1 Cfd Mello Roos Fee 2677.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 16.31 Gross Scheduled Income Actual 372852 Home Owners Fees 0.0 Monthly Total Fees 223 Possession Close Of Escrow Tenant Pays ElectricityGas/Propane Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 2950.0 Unit2 Rent Actual 2400.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Han Chen of Growth Investment Group Pasade: 626-224-2495. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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