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 façade 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.