314 Holliston Avenue, Pasadena

$1,449,000

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3 Beds
1 Bath
.31 Acre
3 Garages

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.

Essential Information

MLS® #
P1-16310
Price
$1,449,000
Bedrooms
3
Bathrooms
1.00
Acres
0.31
Year Built
1927
Type
Residential Income
Status
Active

Community Information

Address
314 Holliston Avenue
Area
646 - Pasadena (NE)
Subdivision
Not Applicable
City
Pasadena
County
Los Angeles
Zip Code
91106
Community Features
Curbs
Senior Community
N

Amenities

Parking Spaces
6
Parking
Garage
# of Garages
3
Garages
Garage
View
None
Pool
None

Interior

Heating
Wall Furnace
Cooling
None
Fireplace
Yes
Stories
One

Exterior

Lot Description
Sprinklers None

Additional Information

Date Listed
January 24th, 2024
Days on Market
104

Listing Details

Agent
Brian Parsons
Office
Keller Williams Realty
Property History
Price Reduced from $1,549,000 to $1,449,000

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Based on information from California Regional Multiple Listing Service, Inc. as of May 8th, 2024 at 1:50pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.