$1,200,000
SOLD MAR 21, 2025
3 Beds
1 Bath
2,510 Sq Ft
0.31 Acres

Recently Sold

$478 Per Sq Ft

8% Below List Price

16 Days on Market

Highlights

  • Fireplace
  • Laundry Room
  • Chain Link Fence
  • Pasadena High School Rated A
  • 3 Car Garage
  • Wall Furnace

About This Home

As of March 2025

Exceptional Tear-Down Opportunity to build an apartment building or just fix up the current units! 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.

Last Agent to Sell the Property

Brian Parsons

Keller Williams Realty License #01712649 Listed on: 02/05/2025

Keller Williams Realty

Co-Listed By

Danny Barriga

Keller Williams Realty License #00820918

Last Buyer's Agent

(R) Richard Diaz

First Family Homes License #01322459

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Lot Details

  • 0.31 Acre Lot
  • No Common Walls
  • Chain Link Fence
  • No Sprinklers

Parking

  • 3 Car Garage
  • Parking Available

Interior Spaces

  • 2,510 Sq Ft Home
  • Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 462
  • Assessor Parcel Number 5738016058
  • Seller Considering Concessions

Community Details

Overview

  • 3 Buildings

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Not Applicable
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 5738016058
  • Year Built: 1927
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: No Common Walls
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 478.09

Exterior Features

  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 6.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 13678.00
  • Lot Size Acres: 0.3140

Multi Family

  • Lot Size Area: 13678.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Rent Control: Yes

Tax Info

  • Tax Lot: 22
  • Tax Tract Number: 462...

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2025
Closed on
Mar 19, 2025
Sold by
Nba Properties Inc
Bought by
Mf Real Estate Investment Llc
Seller's Agent
Brian Parsons
Keller Williams Realty
Buyer's Agent
(R) Richard Diaz
First Family Homes
List Price
$1,299,000
Sold Price
$1,200,000
Premium/Discount to List
-$99,000
-7.62%
Views
20
Current Estimated Value
$1,212,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,000
Avg. Annual Appreciation
1.27%
Original Mortgage
$1,785,000
Outstanding Balance
$1,210,318
Interest Rate
6.89%
Mortgage Type
Construction
Estimated Equity
$1,682

Purchase Details

Listed on
Sep 2, 2022
Closed on
Nov 8, 2022
Sold by
Kaleta Family Trust
Bought by
Nba Properties Inc
Seller's Agent
David Knight
Keller Williams Realty
Buyer's Agent
David Knight
Keller Williams Realty
List Price
$1,600,000
Sold Price
$1,025,000
Premium/Discount to List
-$575,000
-35.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.06%
Original Mortgage
$1,077,375
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2005
Sold by
Howard Victor R
Bought by
Howard Victor R and Howard Donna I

Purchase Details

Closed on
May 2, 2002
Sold by
Kaleta Barbara A
Bought by
Kaleta Victor J and Kaleta Barbara A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,200,000 Monarch Title
Grant Deed $1,025,000 Lawyers Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,785,000 Construction
Previous Owner $1,077,375 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/21/2025 03/21/25 Sold $1,200,000 -7.6% $478 / Sq Ft
02/21/2025 02/21/25 Pending -- -- --
02/05/2025 02/05/25 For Sale $1,299,000 +26.7% $518 / Sq Ft
11/28/2022 11/28/22 Sold $1,025,000 -14.6% $408 / Sq Ft View Prior Sale
10/27/2022 10/27/22 Price Changed $1,200,000 -17.2% $478 / Sq Ft
09/21/2022 09/21/22 Price Changed $1,450,000 -9.4% $578 / Sq Ft
09/02/2022 09/02/22 For Sale $1,600,000 -- $637 / Sq Ft
Source: Pasadena-Foothills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,461 $1,066,410 $962,370 $104,040
2024 $12,461 $1,045,500 $943,500 $102,000
2023 $12,354 $1,025,000 $925,000 $100,000
2022 $4,045 $281,100 $234,267 $46,833
2021 $3,882 $275,589 $229,674 $45,915
2020 $3,753 $272,764 $227,319 $45,445
2019 $3,757 $267,416 $222,862 $44,554
2018 $3,702 $262,174 $218,493 $43,681
2016 $3,547 $251,995 $210,009 $41,986
2015 $3,506 $248,211 $206,855 $41,356
2014 $3,464 $243,349 $202,803 $40,546
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-20739

Pasadena-Foothills Association of REALTORS®

APN: 5738-016-058