188 Holliston Ave Pasadena, CA 91106
- Industrial properties
- 11,024 SF
- 0.18 lot acres
Current Use by Public Records
- Karma Train Productions / Video Production Service
- Linkage Trading LLC / Exporter
- Oshima Studio Architects / Architect
- Van Dyke Visual Effects, Inc. / Video Production Service
Property Details for 188 Holliston Ave
- Year built
- 1948
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.18 lot acres
- Property size
- 11,024 SF
- Zone code
- PSCM*
- Property type
- Industrial properties
- APN
- 5738-009-070
- APU
- 5738009070
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $430,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $350,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $390,000
- Geo Method
- $410,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $375,000
- Retail
- $410,000
- Mixed-Use
- $355,000
- Hospitality
- $405,000
- Educational
- $300,000
- Residential Income
- $380,000
- Energy
- $405,000
- Income-Based Land
- $380,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Longitude
- -118.123
- Latitude
- 34.1492
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
