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.