$1,399,000
Active
47 Days Online
0 Beds0 Baths2,510 SQFT
Active

314 N Holliston Avenue Pasadena, CA 91106

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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.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyLos Angeles
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site47 Days
  • MLS StatusActive
  • MLS ID NumberP1-16310
  • Home Size Source N/A
  • Year Built1927
  • Lot Size0.314 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking Garage
  • Parking Spaces 6
  • Number of Stories 1
  • Acreage 0.314
  • Garage Spaces 3
  • Listing Conditions Standard

Interior Features

  • Cooling None
  • Heating Wall Furnace
  • Appliances None
  • Laundry Features See Remarks
  • Fireplace Yes

Exterior Features

  • View None
  • Fencing Chain Link
  • Spa No
  • Pool Features None
  • Spa Features None
  • Lot Sprinklers None

Community Features

  • Association Dues 0
  • Community Features Curbs
  • Senior Community No
  • MLS Area 646 - Pasadena (NE)

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Monthly Payment (Est.)

$6,797
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