Exclusive Listings

11-unit Value-add near CALTECH and PCC, Class A Location, Walk Score 92, 4units updated

Address:
102 N Holliston Ave
Pasadena, CA 91106
Price:
$4,980,000
Status:
Available
Type:
Apartment
# Units:
11
Year Built:
1959
Building Size:
7,492 SF
Lot Size:
15,382 SF
CAP Rate:
3.79%
GRM:
17.44xx
Price/Unit:
$453,000
Price/SqFt:
$665

INVESTMENT HIGHLIGHTS

  •  SUPERB demographics with ±$127,378 average household income within a 1-mile 
  • Superb amenities nearby: CALTECH, PCC, Pasadena Playhouse, Old Town Pasadena, Target, Amazon Fresh, Vroman Bookstore, Urth Café, and much more
  • Excellent access to 210, 134, and 110 freeways; superb access to downtown Los Angeles via FWY 110
  • Inflation and recession proof investment with easy to rent units and location.

PROPERTY HIGHLIGHTS

  • Two-story garden style apartment with excellent curb appeal, ready to be upgraded and taken to the next level.
  • Value-add apartment with ±27% rental upside.
  • Excellent unit mix with good distributions of 3-bedroom, 2-bedroom and 1-bedroom units
  • Great location with Walk Score 92, Bike Score 84
  • Luxury upgrades in 4-units complete with in-unit laundry, new kitchen with stainless steel appliances, new bathroom with high-end upgrades, and so much more!
  • Separately metered for electricity and gas, covered parking

EXECUTIVE SUMMARY

Growth Investment Group Pasadena is proud to offer 102 N Holliston Ave, a rare gem in the heart of Pasadena, where prime location meets incredible potential. Welcome to 102 N Holliston Ave, an exceptional 11-unit apartment building that presents a lucrative value-add opportunity for savvy investors. Situated in one of Pasadena's most desirable neighborhoods, this property enjoys proximity to two renowned educational institutions - the prestigious CALTECH and Pasadena City College (PCC). With a constant influx of students, faculty, and staff seeking convenient housing options, 102 N Holliston Ave offers an ideal location for long-term tenant retention and consistent rental demand. This well-maintained apartment complex presents an excellent canvas for value-add enhancements. With a creative vision and strategic renovations, buyer has the opportunity to elevate the property's value and maximize the returns. Explore the potential for upgrading individual units, enhancing common areas, and implementing modern amenities to attract discerning renters seeking a comfortable, contemporary lifestyle.

The property was built in 1959 and situated on southeast corner of Holliston Ave and Union St. It has a total of ±7,492SF building size and is situated on a large ±15,382SF R4 lot. It offers an excellent unit mix of one (1) 3-bedroom+2-bathroom, two (2) 2-bedroom+1-bathroom, and eight (8) 1-bedroom+1-bathroom units. 4 out of 11 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. These 4 units have an in-unit laundry machine (seller provided). Each unit has a private balcony/semi-private patio.

There are 12 parking spaces provided by a detached carport and tuck-under parking in the back. There is a shared laundry area in the parking area. Each unit is separately metered for gas and electricity and serviced by central water heaters.  

LOCATION AMENITIES AND ACCESS

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. Boasting a Walk Score of 91 with SUPERB demographics, the 102 N Holliston offers a superior location with easy access to FWY 210 and FWY 134. It is approximately a mile away from Pasadena Playhouse District, and around ±1.8miles from Old Town Pasadena. It is also just minutes from The Pasadena Convention Center, Norton Simon Museum, Pacific Asia Museum, shopping and dining in the area. The property has superb access to FWY 210 and offers an easy commute to additional employment centers of downtown Los Angeles and adjacent cities of Burbank and Glendale via 134 Freeway.

Benefit from Pasadena's thriving rental market, fueled by the steady influx of students, professors, and professionals drawn to the area. Demand for quality housing near CALTECH and PCC remains high, ensuring a consistent stream of potential tenants. Unlock the potential for attractive rental yields and long-term appreciation with this strategic investment in a sought-after location.



Marketing Files


Due Diligence


Broker Contact

Han Widjaja-Chen
Direct: 626.594.4900
han.chen@growthinvestmentgroup.com

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Office:
GROWTH INVESTMENT GROUP CALIFORNIA
1487 E Colorado Blvd.
Pasadena, CA 91106
By Appointment Only - No Walk-ins
Front Office: 626.594.4901

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