Est. cap rate

3.3%

Assumed rent, all units

$5,480/mo

Units

2

Price per unit

$499,000

Est. annual NOI

$32,880

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

3

Bathrooms

2

Building size

1,150 sqft

Lot size

12,637 sqft

Year built

1922

Stories

1

Garage spaces

3

Cooling

Wall/Window Unit(s)

Pool

None

View

Neighborhood

Status

Active

Days on market

1

MLS #

245431544

About this property

Positioned in one of Southern California’s most desirable neighborhoods, a walkable neighborhood minutes from Old Town Pasadena's thriving retail/dining corridor, Caltech, the Rose Bowl, and Metro Gold Line access. This duplex at 398-400 N Holliston Ave presents a high-potential opportunity for investors and developers seeking to capitalize on Pasadena’s robust rental market and enduring demand. Explore options to modernize units, add square footage, or maximize density (e.g., ADUs, multifamily conversion). This property is primed for immediate cash flow or transformative redevelopment. The property currently has two separate units and a three-car garage offering immediate cash flow. Don't miss out on this extraordinary opportunity. Schedule a feasibility review to assess renovation/ redevelopment potential.

Location

398 N Holliston Avenue

Pasadena, Los Angeles, CA, 91106