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Holliston
314
Avenue
Corner of Carson and Holliston.
646 - Pasadena (NE)
N
Listing Broker
Keller Williams Realty
Brian Parsons
Brian
Parsons
Additional Information
One
Sprinklers None
2024-01-25
1
98
6.0
5738016058
No Common Walls
Features
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Listing Information
G82669
G8120
p15292
PF5630
2024-05-02T19:17:30Z
Standard
2024-01-24T16:00:00Z
Danny Barriga
Keller Williams Realty
CRMLS
Property Description

Exceptional Tear-Down Opportunity with Plans for an 8-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. However, the property is being sold with renderings for a new construction–an 8-unit apartment complex, pending city approval. 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.

314 Holliston Avenue, Pasadena, CA 91106

  • Lot Area: 13,678 Sqft
  • Visits : 48 in 104 days
$1,449,000
Listing ID#P1-16310
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Property Details
Year Built : 1927
Property Type : Residential Income
Listing Type : For Sale
Listing ID : P1-16310
Price : $1,449,000
View : None
Lot Area : 13,678 Sqft
Country : US
State : CA
County : Los Angeles
City : Pasadena
: Not Applicable
Zip Code : 91106
Parking : Garage
Status : Active
Previous Price : 1549000
Building Size : 2510
Garage : 3.0
Mls Status : Active
Listing Term : Cash
Community Features : Curbs
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