Thank you
Brian Parsons
Keller Williams Realty
626-204-3300
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.
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Total Baths: 0
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.314
Lot Size Source: Assessor
Lot Size Square Feet: 13678
Original List Price: 1,449,000
Listing Contract Date: 2024-01-24
Listing Agreement: Exclusive Right To Sell
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 646 - Pasadena (NE)
Postal Code Plus 4: 1505
Directions: Corner of Carson and Holliston.
Zoning: PSR3
Source Property Type: Land
Area: 646 - Pasadena (NE)
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
584 N Mar Vista Avenue, Pasadena, CA,91106 | $1,400,000 | 5 | 3 | 2,228 | 8208 Sqft |
1645 Orlando Road, Pasadena, CA,91106 | $10,980,000 | 7 | 9 | 8,822 | 33070 Sqft |
281 N Mar Vista Avenue .., Pasadena, CA,91106 | $988,000 | 3 | 3 | 1,560 | 20855 Sqft |
189 S Allen Avenue #1, Pasadena, CA,91106 | $1,538,000 | 4 | 3 | 1,810 | 8722 Sqft |
191 S Allen Avenue, Pasadena, CA,91106 | $1,288,000 | 3 | 3 | 1,510 | 8722 Sqft |
931 E Walnut Street #101, Pasadena, CA,91106 | $858,000 | 2 | 2 | 1,440 | 49563 Sqft |
141 N Bonnie Avenue, Pasadena, CA,91106 | $2,085,000 | -- | -- | 4,566 | 8025 Sqft |
314 N Holliston Avenue, Pasadena, CA,91106 | $1,449,000 | -- | -- | 2,510 | 13678 Sqft |
941 E California Boulev.., Pasadena, CA,91106 | $2,598,000 | 3 | 3 | 3,030 | -- |
941 E California Boulev.., Pasadena, CA,91106 | $2,698,000 | 3 | 3 | 3,030 | 14026 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 18:28
MLS: P1-16312
LISTED BY: Brian Parsons, Keller Williams Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.