146-154 N Holliston Ave 5,443 SF Health Care Building Offered at $2,995,000 in Pasadena, CA 91106

Avison Young is pleased to present this rare owner/user and investment opportunity in one of Pasadena’s most desirable neighborhoods.

146–154 N Holliston Avenue presents a compelling opportunity with five buildings totaling 5,443 square feet on a 12,313-square-foot lot (0.28 acres). Built in 1922, the property features distinctive historic architecture and strong curb appeal, complemented by attractive landscaping. Each building offers a covered entrance, enhancing both functionality and resident experience, while generous outdoor spaces further elevate the setting.

The property is currently leased on an NN basis to a rehabilitation center and is licensed for 18 beds, providing immediate in-place income. Investors can continue to collect stable cash flow and potentially renew the existing lease, while owner/users have the rare opportunity to acquire a fully entitled and operating facility suitable for a cognitive rehabilitation center or similar healthcare use.

Zoned for residential multifamily use with seven units, the site also offers long-term flexibility and redevelopment potential, making it attractive to a wide range of buyer profiles.

Situated in Pasadena’s sought-after Catalina Villas neighborhood, this location stands out as a prime draw for both investors and operators. With excellent walkability and seamless access to the city’s top destinations, the area offers a vibrant lifestyle near Old Town Pasadena, the Playhouse District, Caltech, and Pasadena City College. Residents and users alike benefit from proximity to retail, dining, and transit, including a nearby light rail station and convenient freeway access.

Look no further than 146–154 N Holliston Avenue for a versatile, income-producing asset with operational upside in one of Pasadena’s most dynamic and supply-constrained submarkets.