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.
|
DAYS ON MARKET
|
280
|
LAST UPDATED
|
7/18/2024
|
|
TRACT
|
Not Applicable
|
YEAR BUILT
|
1927
|
|
COMMUNITY
|
Pasadena (NE)
|
GARAGE SPACES
|
3.0
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to May 2, '24
|
$1,549,000
|
|
May 2, '24 - Jun 5, '24 |
$1,449,000
|
|
Jun 5, '24 - Jul 18, '24 |
$1,425,000
|
| Jul 18, '24 - Today |
$1,399,000 |
| AIR |
None |
| AREA |
Pasadena (NE) |
| FIREPLACE |
Yes |
| GARAGE |
Garage, Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| LOT |
0.31 acre(s) |
| LOT DESCRIPTION |
Sprinklers None |
| PARKING |
Garage |
| POOL DESCRIPTION |
None |
| STORIES |
1 |
| SUBDIVISION |
Not Applicable |
| VIEW DESCRIPTION |
None |
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Listed with Keller Williams Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/30/24 12:26 AM PDT and /or other sources. 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
This IDX solution is (c) Diverse Solutions 2024.
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