271 N Holliston AVE #A, Pasadena, CA 91106
271 N Holliston AVE #A, Pasadena, CA 91106
271 N Holliston AVE #A, Pasadena, CA 91106
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,470,000
Est. payment /mo
4 Beds
4 Baths
2,328 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,328 sqft

Price per Sqft $631

MLS Listing ID 26845281

Bedrooms 4

HOA Y/N No

Year Built 1924

Lot Size 10,271 Sqft

Property Description

UPDATE!- UNIT B to be delivered vacant by August 15th! Stabilized Pasadena Fourplex! Strong Fundamentals, Clear Value-Add Upside. Individually metered units in Pasadena's desirable Catalina Villas neighborhood. The heavy lifting is done - electrical fully upgraded within the past 10 years, plumbing partially updated, and roof redone in 2009/2010 and in good standing. Each unit includes in-unit washer/dryer. Tenants pay their own trash service. Built in 1924, the building offers four one-bedroom, one-bath units averaging approximately 600 square feet each, with hardwood and tile flooring, wall heaters, and window AC throughout. Units vary in renovation level giving a new owner a unit-by-unit upgrade path and an estimated 10-15% rental upside over current in-place rents without an all-or-nothing capital commitment. Two detached garages currently owner-occupied transfer to a new buyer as an untapped income line. Zoned RM-32, the property permits up to 7 units offering meaningful development upside beyond the in-place income for buyers looking to expand. Located just north of the Playhouse District with walkable access to coffee shops, restaurants, and boutiques. Caltech, Pasadena City College, and Downtown Pasadena are all within close reach. Metro Gold Line and 210 Freeway access round out a location with broad, durable tenant appeal. In-place income, no major deferred maintenance, and a clear value-add thesis. Pasadena's multifamily inventory stays constrained. Properties like this don't sit. DRIVE BY ONLY. DO NOT DISTURB TENANTS.

Location

State CA

County Los Angeles

Area 648 - Pasadena (Se)

Zoning PSR3

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator, Dryer, Washer

Exterior

Parking Features Garage, Community Structure

Total Parking Spaces 4

Building

Story 1

Entry Level One

Architectural Style Spanish

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5738017050

Special Listing Condition Standard

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Listed by Rolan Meyer Compass #02129783

NEARBY SCHOOL & BUSINESS

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