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$2,400,000
Est. payment /mo
0.27 Acres Lot
UPDATED:
10/25/2024 04:48 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW24219093
Originating Board California Regional MLS
Year Built 1963
Lot Size 0.275 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area 646 - Pasadena (Ne)
Interior
Laundry 38
Exterior
Garage Spaces 5.0
Pool None
Building
Water District - Public
Others
Tax ID 5739020017
Special Listing Condition Not Applicable
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Listed by Ryan Loria • Triqor Group
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Sharad Gupta
Broker | License ID: 02213637
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