$2,100,000
$4,900,000
57.1%For more information regarding the value of a property, please contact us for a free consultation.
0.42 Acres Lot
SOLD DATE : 12/10/2019
Key Details
Sold Price $2,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-105
MLS Listing ID 319000445
Sold Date 12/10/19
HOA Y/N No
Year Built 1959
Lot Size 0.417 Acres
Property Description
Amazing opportunity to own a gem in La Crescenta area walking distance to Blue ribbon La crescenta Elementary school and Crescenta Valley High school. This building was constructed in 1959 and consists of 14 2+1 units with a beautiful swimming pool. This asset has 12,030 SQFT of improvement over a 18,174 SQFT lot and there are 14 car port and 3 surface parking on the premises. Majority of the units have been remodeled with hardwood flooring, newer kitchen cabinets with granite/quartz counter tops, ceramic wall and floor tiles in bathroom and kitchen, wall type heating and air conditioning. The property has a historically high occupancy rate due to its proximity to the great public schools, ideal for families seeking 2-bedroom apartments. The roof and windows have been replaced in the recent past and the plumbing and electrical are in great operation shape. The new owner can take over and achieve an above market return gradually as units turn in due time and as such will not'' be affected by the pending County of Los Angeles Rent control discussions.
Location
State CA
County Los Angeles
Area 635 - La Crescenta/Glendale Montrose & Annex
Zoning LCR1*
Interior
Interior Features Ceiling Fan(s)
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile, Wood
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned, Covered, Detached Carport
Pool Community, In Ground
Community Features Pool
View Y/N No
Roof Type Asbestos Shingle
Total Parking Spaces 17
Private Pool No
Building
Entry Level Two
Sewer Sewer Tap Paid
Water Public
Level or Stories Two
New Construction No
Others
Tax ID 5610020049
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Assumed
Special Listing Condition Standard
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Bought with George Yessaie • JohnHart Real Estate