$1,399,000 Price Analysis   ♡   Pasadena, CA 91106 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.31 acre lot. Listed 2024-01-25, Taxes $4,044 | Ⓧ USDA Ineligible due to property near Pasadena |
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 open 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 s 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.
Presented by The Parsons Real Estate Team at
Keller Williams Realty.
Property MLS #P1-16312 from CRMLS
Lot Size Source: Assessor
Lot Size Square Feet: 13678
Calculated Total Monthly Association Fees: 0
County: Los Angeles
Directions: Corner of Carson and Holliston.
Source Property Type: Land
Area: 646 - Pasadena (NE)
Source Neighborhood: 646 - Pasadena (NE)
Postal Code Plus 4: 1505
Zoning: PSR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $46,833 + $234,267 $281,100 | $4,044 |
| 2021 | $45,915 + $229,674 $275,589 | $3,881 |
| 2020 | $45,445 + $227,319 $272,764 | $3,753 |
| 2019 | $44,554 + $222,862 $267,416 | $3,756 |
| 2018 | $43,681 + $218,493 $262,174 | $3,701 |
| 2017 | $42,825 + $214,209 $257,034 | $3,647 |
| 2016 | $41,986 + $210,009 $251,995 | $3,546 |
| 2015 | $41,356 + $206,855 $248,211 | $3,505 |
| 2014 | $40,546 + $202,803 $243,349 | $3,463 |
| 2013 | $40,363 + $201,887 $242,250 | $3,460 |
| 2012 | $39,572 + $197,929 $237,501 | $3,426 |
| 2010 | $38,797 + $194,049 $232,846 | $3,302 |
| 2009 | $38,600 + $193,057 $231,657 | $3,305 |
| 2009 | $38,508 + $192,599 $231,107 | $3,305 |
| 2008 | $37,844 + $189,272 $227,116 | $3,123 |
| 2007 | $37,102 + $185,561 $222,663 | $3,012 |
$1,399,000
CRMLS
Price Changed 2024-07-18
$1,399,000
CRMLS
Price Changed 2024-06-05
$1,425,000
CRMLS
Price Changed 2024-06-05
$1,425,000
CRMLS
Price Changed 2024-05-02
$1,449,000
CRMLS
Price Changed 2024-05-02
$1,449,000
CRMLS
Listed 2024-01-25
$1,549,000
CRMLS
Listed 2024-01-25
$1,549,000
CRMLS
Listing removed 2023-07-01
$0
CRMLS
Sold 2022-11-28
$1,025,000
CRMLS
Price Changed 2022-10-24
$1,200,000
CRMLS
Price Changed 2022-09-22
$1,450,000
CRMLS
Listed 2022-09-16
$1,600,000
CRMLS
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.