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314 Holliston Avenue

Pasadena, CA 91106

$1,549,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $617 / sqft

1927

calendar_month Built

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type None

Listing Information

Address 314 Holliston Avenue
City Pasadena
State CA
Zip 91106
County Los Angeles
Listing Agent Brian Parsons DRE#01712649
Co-Listing Agent Danny Barriga DRE#00820918
Courtesy Of Keller Williams Realty
MLS P116310
List Price $1,549,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 13,678
Year Built 1927
DOM 77

Exterior Information

Maps

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king_bed N/A
shower N/A
straighten N/A
straighten 13,678
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shower N/A
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straighten N/A
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king_bed 3
shower 3
straighten 1,421
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Listing information courtesy of: Brian Parsons, Danny Barriga, Keller Williams Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 10th, 2024 at 8:45 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.