271 N Holliston Avenue, Pasadena, CA 91106

• 4 beds
• 2,328 sqft

Property Description

Stabilized Pasadena Fourplex! Strong Fundamentals, Clear Value-Add Upside. Four occupied, individually metered units in Pasadena's desirable Catalina Villas neighborhood. The heavy lifting is done - electrical fully upgraded within the past 10 years, plumbing partially updated, and roof redone in 2009/2010 and in good standing. Each unit includes in-unit washer/dryer. Tenants pay their own trash service. Built in 1924, the building offers four one-bedroom, one-bath units averaging approximately 600 square feet each, with hardwood and tile flooring, wall heaters, and window AC throughout. Units vary in renovation level giving a new owner a unit-by-unit upgrade path and an estimated 10-15% rental upside over current in-place rents without an all-or-nothing capital commitment. Two detached garages currently owner-occupied transfer to a new buyer as an untapped income line. Zoned RM-32, the property permits up to 7 units offering meaningful development upside beyond the in-place income for buyers looking to expand. Located just north of the Playhouse District with walkable access to coffee shops, restaurants, and boutiques. Caltech, Pasadena City College, and Downtown Pasadena are all within close reach. Metro Gold Line and 210 Freeway access round out a location with broad, durable tenant appeal. In-place income, no major deferred maintenance, and a clear value-add thesis. Pasadena's multifamily inventory stays constrained. Properties like this don't sit. DRIVE BY ONLY. DO NOT DISTURB TENANTS.

Listing Status:

Active

Date Added:

June 22, 2026

Data Last Updated:

June 25, 2026 at 11:06PM

Listing Office:

Compass : 310-437-7500

Listing Agent:

Rolan Meyer : 917-494-4394

MLS ID:

CL26845281

Interior

• Laundry: DryerWasher
• Heating: Wall Furnace

Exterior

• Parking: OtherParking spaces: 4

Location

• County: Los Angeles

Lot

• Zoning: PSR35738017050