314 N Holliston AVE, Pasadena, CA 91106 - MLS#CRP1-16310

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

$ 1,399,000

Est. payment | -/mo

0.31 Acres Lot

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$ 1,399,000

Est. payment | -/mo

Save

0.31 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRP1-16310

Originating Board California Regional MLS

Year Built 1927

Lot Size 0.314 Acres

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.

Location

State CA

County Los Angeles

Area 646 - Pasadena (Ne)

Rooms

Kitchen None

Interior

Heating Wall Furnace

Cooling None

Exterior

Garage Garage

Garage Spaces 6.0

Pool 31, None

View None

Building

Story One Story

Others

Tax ID 5738016058

Special Listing Condition Not Applicable

Listed by Brian Parsons • Keller Williams Realty

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA