3316 Montrose AVE, La Crescenta, CA 91214 – 319000545

$1,570,000

Est. payment -/mo

Est.Price: ?

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7,365 Sqft Lot

SOLD DATE : 06/26/2019

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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Paul Ward

paul@homeandranchteam.com +1(805) 479-5004

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by David Issaians • Coldwell Banker Realty
Bought with Jason Kim • Dream Realty La Crescenta

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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