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Mixed-Use Building with Live/Work Unit

188 N Holliston Ave, Pasadena, CA 91106

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Mixed-use building featuring office space and a live/work unit.

Type:Mixed Use, Office

Property size:

10,900 SF

Price / SF:

$412/SF

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.
Second Floor Easily Divisible for More Office Use allows for customization.
Three Ground Floor Units on First Floor enhance tenant possibilities.
Common Area Restrooms on First Floor for convenience.

We can help!

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Hoss MacVaugh

For Sale

Contact for pricing

Mixed-use building featuring office space and a live/work unit.

Type:Mixed Use, Office

Property size:

10,900 SF

Price / SF:

$412/SF

Added:: Sep 30, 2019
Days on Market:: 2473
Last Refresh:: Jul 5 at 5:13 am

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

We can help!

Contact an agent

Hoss MacVaugh

Listing office MacVaugh & Co

Listing date Sep 30, 2019

Source Crexi

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

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.
Second Floor Easily Divisible for More Office Use allows for customization.
Three Ground Floor Units on First Floor enhance tenant possibilities.
Common Area Restrooms on First Floor for convenience.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $233,478 @ 7.0% cap · market cap 5.19%

Second Best

Mixed Use

$3.01M

$2.63M – $3.51M (±1% cap)

NOI $210,588 @ 7.0% cap · market cap 4.68%

Theoretical Best

Multifamily LT 5

$245.36M

$214.69M – $286.25M (±1% cap)

NOI $17,175,166 @ 7.0% cap · market cap 381.67%

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

Property Profile Location Intelligence

Current Use by Public Records

Karma Train Productions Film Production Linkage Trading LLC Logistics Company Oshima Studio Architects Architect Van Dyke Visual ... Film Production

Suggested Use

Location Insight

Map
Local Demand

City: Pasadena
County: Los Angeles
State: California
Longitude: -118.122613
Latitude: 34.149162

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For sale
Mixed-use properties
CA
Pasadena
91106
188 N Holliston Ave

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.