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580 N Holliston Ave 5 Unit Apartment Building $2,400,000 ($480,000/Unit) 4.53% Cap Rate Pasadena, CA 91106



Investment Highlights
- Excellent Unit Mix Consisting of One Approx. 2000 Sq. Ft. 3-Bedroom 2.5-Bath Craftsman Style Home & Four 2-Bedroom 1-Bath Units
- Great Location Near the Historic, Coveted Neighborhood of Bungalow Haven
- Interior and Exterior Has Been Extensively Remodeled with Custom High-End Finishes
- 4.5% Cap Rate on Current, 5.9% on Market
Executive Summary
Triqor Group presents Holliston House & Apartments, an exceptional, fully reimagined 5-unit compound in one of Pasadena’s most desirable neighborhoods. Anchored by a beautifully restored ~2,000 sq. ft. Craftsman residence (3BR/2.5BA + den), the property also includes four spacious 2BR/1BA residences—offering a rare blend of architectural character and refined modern living. Each residence has been meticulously upgraded with designer finishes, including quartz surfaces, custom cabinetry, stainless steel appliances, and spa-inspired bathrooms. The main home showcases hardwood flooring, central heat, in-room A/C, a versatile den, basement, and in-unit laundry hookups. The apartment homes feature open-concept layouts, wood-look tile flooring, and elegantly appointed walk-in showers. Extensive system upgrades—roof, plumbing, electrical, windows, and driveway—deliver a turnkey, low-maintenance ownership experience. With strong in-place income and approximately 20% upside, the asset offers both immediate stability and future upside. Set near the iconic Bungalow Haven Historic District, and moments from Lake Avenue and Old Pasadena, the location provides effortless access to premier dining, retail, and cultural destinations. Proximity to Caltech, Art Center College of Design, and the Rose Bowl further enhances long-term desirability.
Property Facts
| Price | $2,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $480,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 4.53% | Building Size | 4,744 SF |
| Gross Rent Multiplier | 14.82 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.05/1,000 SF |
| Zoning | PSR1 - Public, Semi-Public, Recreation | ||
| Price | $2,400,000 |
| Price Per Unit | $480,000 |
| Sale Type | Investment |
| Cap Rate | 4.53% |
| Gross Rent Multiplier | 14.82 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 4,744 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.05/1,000 SF |
| Zoning | PSR1 - Public, Semi-Public, Recreation |
Amenities
Site Amenities
- Wi-Fi
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,375 | 685 |
| 3+2.5 | 1 | $4,000 | 2,000 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5739-020-017 | Improvements Assessment | $369,423 |
| Land Assessment | $706,832 | Total Assessment | $1,076,255 |
Property Taxes
Parcel Number
5739-020-017
Land Assessment
$706,832
Improvements Assessment
$369,423
Total Assessment
$1,076,255
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580 N Holliston Ave
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