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    188 Holliston Ave Pasadena, CA 91106

    Sponsored
    For Sale
    $4,500,000

    Pasadena Mixed-Use Investment Opportunity

    Property size:
    10,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 188 N Holliston Ave in Pasadena, CA (91106), presents a compelling investment opportunity. The 10,900 square foot building, constructed in 1946 and renovated in 2000, boasts a prime location and is currently 100% occupied. The first floor comprises three ground-floor creative office units, each featuring concrete flooring, abundant natural light, high ceilings, and mostly open floor plans. These units share common area restrooms and are currently leased to creative tenants. Five convenient parking spaces are available outside the building. The second floor offers a substantial 5,400 square foot live/work space, complete with a full kitchen, a large studio area, three restrooms, two bedrooms, a balcony, a garage featuring a car lift, and a spacious roof deck. The second floor's polished concrete floors add to its versatile appeal and offer potential for subdivision into additional office space. The property sits on a 7,700 square foot lot and is zoned 566-B4. This stabilized investment, offered at $4,500,000 ($412.84/sq ft), presents a rare chance to acquire a high-performing mixed-use asset in a desirable Pasadena location. The property consists of one two-story building with four units, and is offered as a gross lease. The APN is 5738-009-044.

    Property Features for 188 Holliston Ave

    General Information

    Property type
    Office space
    Square Feet
    10,900 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1946/2000
    Buildings
    1
    Stories
    2
    Units
    4

    HighLights

    • 10,900 SF mixed‑use building on a 7,700 SF lot in Pasadena, CA (91106).
    • First floor features three occupied creative office units with concrete floors, high ceilings, natural light, and open floor plans; shared restrooms; five exterior parking spaces.
    • Second floor offers a 5,400 SF live/work space with a full kitchen, large studio, three restrooms, two bedrooms, balcony, garage with car lift, and roof deck; polished concrete floors.
    • Gross lease; 100% occupancy; APN 5738‑009‑044; $4,500,000 asking price ($412.84/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Karma Train Productions Video Production Service Linkage Trading LLC Exporter Oshima Studio Architects Architect Van Dyke Visual ... Video Production Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.1225545
    Latitude
    34.1491848

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    FAQs

    What type of property is this?
    Office space - Pasadena Mixed-Use Investment Opportunity
    Where is this office space located?
    The property is located at 188 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: 10,900 SF mixed-use building on a 7,700 SF lot in Pasadena, CA (91106).; First floor features three occupied creative office units with concrete floors, high ceilings, natural light, and open floor plans; shared restrooms; five exterior parking spaces.; Second floor offers a 5,400 SF live/work space with a full kitchen, large studio, three restrooms, two bedrooms, balcony, garage with car lift, and roof deck; polished concrete floors.
    Request Owner's contact information
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    Pasadena, CA 91106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    188 Holliston Ave Pasadena, CA 91106
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