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Listed by Brian Parsons • Keller Williams Realty
$ 1,399,000
Est. payment | /mo
13,678 SqFt
$ 1,399,000
Est. payment | /mo
13,678 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 13,678 sqft
Price per Sqft $102
MLS Listing ID CRP1-16312
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 0.314 Acres
Property 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
State CA
County Los Angeles
Interior
Fireplace No
Exterior
View None
Building
Water Public
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745