2535 Cross Street, La Crescenta, CA 91214
  • MLS#: GD25122829 ( Apartment )
  • Street Address: 2535 Cross Street
  • Viewed: 6
  • Price: $3,975,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 0
  • Days On Market: 24
  • Additional Information
  • County: LOS ANGELES
  • City: La Crescenta
  • Zipcode: 91214
  • Provided by: Remax Optima
  • Contact: Pakrad Pakrad
  • California Regional MLS IDX
  • DMCA Notice
  • 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. Dont miss this chance to acquire a solid income property with tremendous future upside in one of La Crescentas most attractive neighborhoods.
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Features
Additional Parcels Description
  1. 5804003016
Association Fee
  1. 0.00
Building Area Total
  1. 6898.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Central Air
  2. Wall/Window Unit(s)
Country
  1. US
Days On Market
  1. 19
Electric Expense
  1. 1200.00
Entry Location
  1. fd
Fuel Expense
  1. 240.00
Garage Spaces
  1. 6.00
Gardner Expense
  1. 2400.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 10560.00
Laundry Features
  1. Common Area
  2. Community
  3. Individual Room
  4. See Remarks
Levels
  1. Multi/Split
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 158400.00
Number Of Separate Electric Meters
  1. 11
Number Of Separate Gas Meters
  1. 11
Number With Range
  1. 11
Otherexpense
  1. 1440.00
Otherexpensedescription
  1. Wash rnt
Parcel Number
  1. 5804003017
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 439993023:CRM
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 18030.00
Totalexpenses
  1. 60000.00
Trash Expense
  1. 3360.00
Water Sewer Expense
  1. 9000.00
Water Source
  1. Public
Year Built
  1. 1950
Year Built Source
  1. Assessor