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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.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 7/18/2024 | Tract | Not Applicable |
|---|---|---|---|
| Community | Pasadena (NE) | County | Los Angeles |
Price History
| Prior to May 2, '24 | $1,549,000 |
|---|---|
| May 2, '24 - Jun 5, '24 | $1,449,000 |
| Jun 5, '24 - Jul 18, '24 | $1,425,000 |
| Jul 18, '24 - Today | $1,399,000 |
Additional Details
| AREA | Pasadena (NE) |
|---|---|
| HOA DUES | 0 |
| LOT | 0.31 acre(s) |
| LOT DESCRIPTION | Sprinklers None |
| SUBDIVISION | Not Applicable |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | PSR3 |
Location
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Listed with Keller Williams Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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