NOT LISTED FOR SALE
16 Beds
12 Baths
8,984 Sq Ft
0.28 Acres

Last Sold September 30, 2021

Last sale price $3,700,000 $412 Per Sq Ft

34 Days on Market

Highlights

  • Views of Trees
  • Bathtub with Shower
  • Laundry Facilities
  • Pasadena High School Rated A
  • Ceiling Fan

About This Home

As of September 2021

160 N. Holliston Ave The Holliston built in 1962 is in Pasadena which is considered one of the best places to live in Los Angeles. This 12-unit apartment building consists of 8,984 Sq. Ft. and resides on a 12,318 Sq. Ft. lot. The Holliston is comprised of (4) 2-bedrooms + 1-bathroom units, and (8) 1-bedroom + 1-Bedroom units. On-site laundry is available to the tenants along with covered parking spaces. Current rents are well below market and the opportunity exists for a new owner to add value and maximize rents resulting in a stabilized 5.6%+ Cap Rate. The location of The Holliston is in the highly desirable rental market of Pasadena, known for its trendy eateries, outdoor activities, and cool location where tenants are willing to pay to live in one of the best neighborhoods in all of Los Angeles.

Last Agent to Sell the Property

David Weinberger

Keller Williams Studio City License #01349349 Listed on: 06/17/2021

Keller Williams Studio City

Co-Listed By

Megan Husri

Keller Williams Studio City License #02089901

Last Buyer's Agent

Adam Zunder

Pacifica Capital License #01821053

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.28 Acre Lot

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 8,984 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Views of Trees

Kitchen

  • Oven
  • Gas and Electric Range

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 12 Bathrooms
  • Bathtub with Shower

Parking

  • 9 Parking Spaces
  • Carport

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 12 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 5738-009-046

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Entry Floor: 1
  • Living Area: 8984
  • Lot Acreage: 0.2828
  • Stories: 2
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Mixed
  • Appliances: Gas/Electric Range, Oven
  • Bedrooms: 16
  • Bathroom Features: Shower Over Tub
  • Laundry: Community
  • Total Bathrooms: 12.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 400.71

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Walk Street, Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 9

Utilities

  • Cooling: Wall Unit(s), Ceiling Fan
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 30.56
  • Assessed Improvement Value: 1122000
  • Assessed Land Percent: 69.44
  • Assessed Land Value: 2550000
  • Total Assessed Value: 3672000
  • Assessor Parcel Number: 5738-009-046
  • Lot Description: Walk Street, Sidewalks, Street Paved, Street Lighting
  • Lot Size Area: 12318

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
  • Gross Rent Multiplier: 17.30
  • Number Of Units: 12
  • Type Of Units: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $3,700,000 +2.8% $412 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $3,600,000 -- $401 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $44,903 $3,926,468 $2,748,528 $1,177,940
2024 $44,903 $3,849,480 $2,694,636 $1,154,844
2023 $44,535 $3,774,000 $2,641,800 $1,132,200
2022 $43,011 $3,700,000 $2,590,000 $1,110,000
2021 $42,137 $3,710,041 $2,576,418 $1,133,623
2020 $40,464 $3,673,200 $2,550,000 $1,123,200
2019 $5,209 $260,058 $43,489 $216,569
2018 $5,027 $254,984 $42,637 $212,347
2017 $4,949 $248,808 $41,801 $207,007
2016 $4,730 $243,931 $40,982 $202,949
2015 $4,668 $240,268 $40,367 $199,901
2014 $4,675 $235,563 $39,577 $195,986
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-750292

The MLS