$1,570,000
$1,585,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
3316 Montrose AVE La Crescenta, CA 91214
7,365 Sqft Lot
Key Details
Sold Price $1,570,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-105
MLS Listing ID 319000545
Year Built 1965
Annual Tax Amount $19,812
Lot Size 7,365 Sqft
Property Description
Superb opportunity to own a residential income property in a highly desirable area. Less than a 5 minute drive to the shops on Honolulu, award winning schools, and close proximity to freeways and local amenities. All units have 2 dedicated parking spaces, in-unit laundry for all units, 2/3 units extensively upgraded, copper plumbing, new windows, larger sized units, and unbeatable unit mix (two 2's and one 4 bedroom!). Best Cap rate deal (4.6%) for comparable properties in comparable condition. Property is truly unique and a great buy for the local investor, with a strong rental demand, high rental rate market, and larger units, and excellent school district, this property will outperform!
Location
State CA
County Los Angeles
Area 635 - La Crescenta/Glendale Montrose & Annex
Zoning GLR2YY
Interior
Heating Natural Gas
Cooling Evaporative Cooling, Wall/Window Unit(s)
Flooring Laminate
Fireplaces Type Decorative, Family Room, Gas
Laundry Gas Dryer Hookup, Stacked
Exterior
Parking Features Carport, Detached Carport, One Space
View Y/N Yes
View Mountain(s)
Roof Type Shingle
Building
Lot Description Front Yard, Landscaped
Story 2
Foundation Combination
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Jason Kim • Dream Realty La Crescenta