Pasadena CA Land for Sale
$1,399,000
314 N Holliston Avenue Pasadena, CA 91106
- Type:
- Land
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.31 Acres
- Baths:
- MLS#:
- CRP1-16312
View additional info
Courtesy: Keller Williams Realty
ADDITIONAL INFORMATION
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.
Pasadena Real Estate
The median home value in Pasadena, CA is $1,023,900. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Pasadena, CA is $1,023,900. Approximately 38.05% of Pasadena homes are owned, compared to 51.87% rented, while 10.08% are vacant. Pasadena real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Pasadena real estate agent to arrange a tour today!
Pasadena, California 91106 has a population of 138,771. Pasadena 91106 is less family-centric than the surrounding county with 29.06% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Pasadena, California 91106 is $89,661. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Pasadena 91106 is 39.1 years.
Pasadena Weather
The average high temperature in July is 87.5 degrees, with an average low temperature in January of 45.1 degrees. The average rainfall is approximately 21.4 inches per year, with 0 inches of snow per year.