Seven-Unit Master-Leased Apartment
New
For Sale
$2,758,000
146 N Holliston, Pasadena, CA 91106
RM-48 zoning, upgraded major systems, and an approved plan for 1 ADU add flexibility to this Pasadena property.
Property Size5,443 SF
Lot Size0.28 Acres
Price / SF$506.71
Days on Market4
Property Features for 146 N Holliston
General Information
Standard status
Active
Size
5,443 SF
Lot size
0.28 Acres
Property subtype
Apartment
Zoning
RM-48
Units
Unit Mix
1 x 2BR/1BA bungalow, 3 x 1BR/1BA bungalows, 2 x 2BR/1BA (back triplex), 1 x 1BR/1BA (back triplex)
Multifamily Units
7
Additional Details
Cap Rate
7.13%
Amenities
community garden
covered seating and barbeque area
Building Details
Building Size
5,443 SF
Year Built
1922
Buildings
5
Tenancy
Single
Listing Agency:
Growth Investment Group Pasade
Listed By:
Handoko Chen · License #01749321
(626) 224-2495
Source:
Hopewayrealtygroup
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 10 at 3:02PM
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 Growth Investment Group Pasade
Investment Insights
Based on property information with market context.
This 7-unit apartment property in Pasadena includes four single-story bungalows and a rear triplex within a 5,443 SF building on a 12,313 SF RM-48 zoned lot. The unit mix comprises one 2bed+1bath bungalow, three 1bed+1bath bungalows, two 2bed+1bath units in the triplex, and one 1bed+1bath triplex unit. Built in 1922, the property has upgraded major systems, central HVAC in the front bungalow, mini-split HVAC in the other three bungalows, and central HVAC serving the rear triplex. An approved plan for 1 ADU is included.
The property is master leased to The Gooden Center under a single-tenant net lease structure. The tenant is responsible for insurance, all utilities, and almost all maintenance up to the first $3,000, while the asset carries a 7.13% in-place CAP rate. The property is located several blocks from Caltech and Pasadena City College, with a Walk Score of 92 and Bike Score of 88. A side walkway includes a community garden, covered seating, and a barbecue area.
The property is master leased to The Gooden Center under a single-tenant net lease structure. The tenant is responsible for insurance, all utilities, and almost all maintenance up to the first $3,000, while the asset carries a 7.13% in-place CAP rate. The property is located several blocks from Caltech and Pasadena City College, with a Walk Score of 92 and Bike Score of 88. A side walkway includes a community garden, covered seating, and a barbecue area.
Key Highlights
- 7‑unit apartment property with 4 single‑story bungalows and a rear triplex
- Master leased to The Gooden Center under a single‑tenant net lease structure
- 7.13% in‑place CAP rate
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
7
Residential units
Single-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - RM-48 zoning, upgraded major systems, and an approved plan for 1 ADU add flexibility to this Pasadena property.
Where is this apartment building located?
The property is located at 146 N Holliston Pasadena, CA.
What is the asking price?
The asking price for this property is $2,758,000.
What are key features of this property?
This property features: 7‑unit apartment property with 4 single‑story bungalows and a rear triplex; Master leased to The Gooden Center under a single‑tenant net lease structure; 7.13% in‑place CAP rate
