580 N Holliston Avenue

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580 N Holliston Avenue

Pasadena, CA 91106
Asking Price
$2.25M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Five-unit multifamily apartment building located in Pasadena
  • Priced for acquisition at two million two hundred fifty thousand dollars
  • Situated in the 91106 zip code of Southern California
  • Asset provides an established residential investment opportunity in Los Angeles
  • Property is currently available for purchase on the market

What's Special

Investors seeking to expand their residential holdings will find this 5-unit apartment building at 580 N Holliston Avenue an functional addition to a portfolio. The property is situated in Pasadena, a highly developed submarket within the greater Los Angeles area known for its stable renter base, proximity to major educational institutions like Caltech, and dense urban amenities. This multifamily asset provides a direct entry point into one of Southern California's most established rental markets, offering clear potential for long-term hold strategies. With its compact scale, the building is well-positioned for efficient management while capturing the demand from professionals and students attracted to the city’s reputation for culture and transit accessibility. The location benefits from a robust regional economy and consistent demand for quality housing, ensuring the asset remains a relevant component of any local real estate investment strategy.

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NOI
$80,000
Cap Rate
3.56%
DSCR
0.60
Underwater
Cash-on-Cash
-7.94%
Monthly Payment
$11,131.772
Annual Cash Flow
$-53,581.268

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