314 N Holliston Avenue

Pasadena, CA 91106

PRICE REDUCED

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-$150,000 (-9.68%)

$1,399,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1927

calendar_month Built

Property Description

Exceptional Tear-Down Opportunity to build a 9 unit Apartment Complex (Pending City Approval)! This unique investment opportunity presents the chance to acquire a multi-family property for redevelopment. The existing property, consisting of three units on a spacious 13,678 SF lot (as per Assessor), is poised for transformation. The unit breakdown includes 314 Holliston Ave - 2 bed/1 bath, 660 SF; 316 N Holliston Ave - 2 bed/1 bath, 580 SF; 318 N Holliston Ave - 3 bed/1 bath, 1,270 SF. Each unit features a 1-car garage and separate metering for water, electricity, and gas. Notably, Unit 318 suffered fire damage in 2021 and has been vacant since. The other two units, one will be delivered vacant by the close of escrow, the other is very cooperative. Positioned in a densely populated apartment area, close to shopping and freeway access, this property is set to capture significant attention, offering a promising opportunity for the savvy investor.

Listing Information

List Price $1,399,000
Status Active
MLS P1-16310
HOA $0
Type Residential Income
Year Built 1927
Lot Size 13,678
Structure Size N/A
DOM 234
Courtesy Of Keller Williams Realty
Listing Agent Brian Parsons DRE#01712649
Co-Listing Agent Danny Barriga DRE#00820918

Interior Features

Laundry Information
Location(s) See Remarks
Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Brian Parsons, Danny Barriga, Keller Williams Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 15th, 2024 at 5:22 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.