N Holliston Avenue
Pasadena, California 91106, United States

MLS#: 372337378

$1,399,000 USD

Minimum sellable space
1,271m² (13,678ft²)
The details

Property features

Date Updated: Sep 16, 2024

Area

Land/Lot size
1,271m² (13,678ft²)

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

N Holliston Avenue, Pasadena, California 91106, United States
map image
Courtesy of Brian Parsons Keller Williams Realty

Listing Contact: (626) 340-8050