314 Holliston Ave, Pasadena, CA, 91106

314 Holliston Ave, Pasadena, CA, 91106 < >
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for sale
$1,549,000
Lot Size:0.31 Acres
Year Built:1927
Status:Active
MLS #:P1-16310
Date Updated:
For information contact:
CENTURY 21 Ditton Realty
559-683-7653
Get More Information
Go See This Property
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.
Interior Details
Levels: One

Exterior Details
Fencing: Chain LinkGarage Spaces: 3.00
Lot Features: Sprinklers NoneLot Size Acres: 0.3140
Number Of Buildings: 3Parking Features: Garage
Parking Total: 6.00Pool Features: None
Spa Features: NoneView: None

Community Information
County Or Parish: Los AngelesDirections: Corner of Carson and Holliston.
MLS Area Major: 646 - Pasadena (NE)Parcel Number: 5738016058
Subdivision Name: Not Applicable

Property Information From MLS Data
Year Built: 1927

Financial Information
Association Fee: 0.00

Utilities
Cooling: NoneHeating: Wall Furnace

Listing Information Courtesy of:
List Agent First Name: Brian
List Agen tLast Name: Parsons
List Office Name: Keller Williams Realty

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Price:$1,549,000
Down Payment:
Loan Amount:$1,239,200
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Brian Parsons, Keller Williams Realty

Information obtained from CACRMLS is current as of 5/2/2024 12:29 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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