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$1,399,000
Est. payment /mo
0.31 Acres Lot
UPDATED:
12/05/2024 05:28 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-16310
HOA Y/N No
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)
Interior
Heating Wall Furnace
Cooling None
Fireplace Yes
Laundry See Remarks
Exterior
Parking Features Garage
Garage Spaces 3.0
Garage Description 3.0
Fence Chain Link
Pool None
Community Features Curbs
View Y/N No
View None
Total Parking Spaces 6
Private Pool No
Building
Lot Description Sprinklers None
Story One
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 5738016058
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Listed by Brian Parsons • Keller Williams Realty • (626) 340-8050
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