314 Holliston Avenue , Pasadena, CA - 91106, Pasadena CA is for sale :

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Dmitry Litvishkov (310)-709-4920

314 Holliston Avenue , Pasadena, CA - 91106 is For Sale

Details

Price : $1,449,000

Address : 314 Holliston Avenue

City : Pasadena

State : CA

Area : 646 - Pasadena (ne)

Property Type : Residential Income

Sq M : 1,271 M²

MLS# : P1-16310

Lot Size (Acres) : 0.314 ac

Property Description

Pasadena Home For Sale. 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.

Listed By

Keller Williams Realty

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