Exceptional Tear-Down Opportunity to build a 9 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. 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.
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| List Price | $1,399,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 3 spots |
| Year Built | 1927 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 5738016058 |
| MLS # | P116310 |
| Property ID | 292770479 |
| Lot Sqft | 13,678 |
| Zoning | Unknown |
| Date Updated | September 30, 2024 |
| Date Created | January 24, 2024 |
Financials not available online. Please inquire with your agent for more details.
Brian Parsons an agent of Keller Williams Realty. Lic #01712649
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of September 30, 2024 The information being 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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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT