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$ 1,399,000
Est. payment | /mo
0.31 Acres Lot
$ 1,399,000
Est. payment | /mo
0.31 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-16312
HOA Y/N No
Lot Size 0.314 Acres
Property Description
Exceptional Tear-Down Opportunity to build a 9 unit apartment complex. 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, both can be delivered vacant by the close of escrow. 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)
Zoning PSR3
Interior
Fireplace No
Exterior
Community Features Curbs
View Y/N No
View None
Building
Lot Description Sprinklers None
Water Public
Others
Senior Community No
Tax ID 5738016058
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by Brian Parsons • Keller Williams Realty • (626) 340-8050
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "