Avison Young is pleased to present this rare owner/user and investment opportunity in one of Pasadena’s most desirable neighborhoods. 146–154 N Holliston Avenue presents a compelling opportunity with five buildings totaling 5,443 square feet on a 12,313-square-foot lot (0.28 acres). Built in 1922, the property features distinctive historic architecture and strong curb appeal, complemented by attractive landscaping. Each building offers a covered entrance, enhancing both functionality and resident experience, while generous outdoor spaces further elevate the setting. The property is currently leased on an NN basis to a rehabilitation center and is licensed for 18 beds, providing immediate in-place income. Investors can continue to collect stable cash flow and potentially renew the existing lease, while owner/users have the rare opportunity to acquire a fully entitled and operating facility suitable for a cognitive rehabilitation center or similar healthcare use. Zoned for residential multifamily use with seven units, the site also offers long-term flexibility and redevelopment potential, making it attractive to a wide range of buyer profiles. Situated in Pasadena’s sought-after Catalina Villas neighborhood, this location stands out as a prime draw for both investors and operators. With excellent walkability and seamless access to the city’s top destinations, the area offers a vibrant lifestyle near Old Town Pasadena, the Playhouse District, Caltech, and Pasadena City College. Residents and users alike benefit from proximity to retail, dining, and transit, including a nearby light rail station and convenient freeway access. Look no further than 146–154 N Holliston Avenue for a versatile, income-producing asset with operational upside in one of Pasadena’s most dynamic and supply-constrained submarkets.