Mixed-Use Building with Live/Work
For Sale
Contact for pricing
188 N Holliston Ave, Pasadena, CA 91106
Mixed-use building featuring office space and a live/work unit.
Property Size10,900 SF
Price / SF$412.84
Days on Market2498
Property Features for 188 N Holliston Ave
General Information
Standard status
Active
Size
10,900 SF
Property subtype
Mixed Use, Office
Building Details
Year Built
1946
Listing Agency:
MacVaugh & Co
(626) 255-2308
Listed By:
Hoss MacVaugh · License #CA 00971669
Source:
Crexi
Added: Sep 30, 2019
Changed: Jul 6
Last Checked: Jul 31 at 1:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MacVaugh & Co
Investment Insights
Based on property information with market context.
This mixed-use building features office space on the first floor, which is currently 100% leased. The second floor contains a 5,400 square foot live/work unit. The first floor includes three ground floor units with common area restrooms. The second floor is easily divisible for additional office use. The property has a total size of 10,900 square feet.
Key Highlights
- 5,400 SQFT Live/Work Unit offers flexible living and business options.
- 100% Leased Office Space on First Floor provides immediate income.
- Mixed‑Use Building presents diverse investment potential.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $366.2k | $33.60 |
| − Vacancy | −$54.9k | −$5.04 |
| EGI | $311.3k | $28.56 |
| − OpEx | −$77.8k | −$7.14 |
| NOI | $233.5k | $21.42 |
10,900 SF · lease $33.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.34M
$2.92M – $3.89M
NOI $233,478 @ 7.0% cap · market cap 5.19%
Second Best
Mixed Use
$3.01M
$2.63M – $3.51M
NOI $210,588 @ 7.0% cap · market cap 4.68%
Theoretical Best
Multifamily LT 5
$245.36M
$214.69M – $286.25M
NOI $17,175,166 @ 7.0% cap · market cap 381.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,850
Businesses Nearby
Explore this area
Business Placement
Demographics for 91106, CA
24,172
Population
11,809
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
2.7 sq mi
ZIP Area
8,953
Density / Sq Mi
$89,213
Median Household Income
$59,700
Median Earnings
$2,096
Median Rent
$966,700
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Los Angeles County, CA
Properties on Market for Mixed-use properties in Los Angeles County
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building featuring office space and a live/work unit.
Where is this mixed-use property located?
The property is located at 188 N Holliston Ave Pasadena, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 5,400 SQFT Live/Work Unit offers flexible living and business options.; 100% Leased Office Space on First Floor provides immediate income.; Mixed‑Use Building presents diverse investment potential.
