314 N Holliston Avenue

Pasadena, CA 91106

PRICE REDUCED

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-$150,000 (-9.68%)

$1,399,000

List Price

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Property Description

Exceptional Tear-Down Opportunity to build a 9 unit apartment complex. 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, both can be delivered vacant by the close of escrow. 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 P116312
HOA $0
Type Land
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

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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 30th, 2024 at 6:15 PM 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.