MLS® ID: 319000445
4133 La Crescenta Avenue
La Crescenta, California, 91214 $4,900,000
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.