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Listed by Pakrad Markarian • Remax Optima
$ 4,395,000
Est. payment | /mo
0.36 Acres Lot
$ 4,395,000
Est. payment | /mo
0.36 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD25122829
Year Built 1950
Lot Size 0.364 Acres
Source California Regional MLS
Property Description
Excellent Investment Opportunity in Prime La Crescenta Location. Unlock the potential of this rare 10-unit multifamily property situated in the desirable community of La Crescenta. The property consists of a total of 10 units: 2 spacious two-bedroom units, 6 one-bedroom units, and 2 singles. Each unit is well-proportioned, offering comfortable living spaces that tenants will appreciate. Sitting on a generous 15,879 sq ft lot, the property features a total building size of 6,898 sq ft, with plenty of room for potential expansion. Rents are currently below market, offering significant upside for investors seeking long-term growth and increased cash flow. An added value opportunity exists with the possibility of adding an ADU (Accessory Dwelling Unit), further enhancing the income potential of this asset. Buyer to investigate the possibility. Located in a high-demand rental area with strong tenant appeal, this property is perfect for investors looking to reposition and maximize returns. Don't miss this chance to acquire a solid income property with tremendous future upside in one of La Crescenta's most attractive neighborhoods.
Location
State CA
County Los Angeles
Area 635 - La Crescenta/Glendale Montrose & Annex
Interior
Heating Wall Furnace
Cooling Central AC, Window / Wall Unit
Laundry In Laundry Room, Laundry Area, Community Facility
Exterior
Garage Spaces 6.0
Pool None
Building
Story Split Level
Water District - Public
Others
Tax ID 5804003017
Special Listing Condition Not Applicable
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Yuri Lavrentiev
REALTOR® | Lic# CA DRE #02103193