4133 La Crescenta Ave

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 carport and 3 surface parking on the premises. Majority of the units have been remodeled with hardwood flooring, newer kitchen cabinets with granite/quartz countertops, 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

Listing information courtesy of: George Yessaie, JohnHart Real Estate *Based on information from the Association of REALTORS/Multiple Listing as of 02/23/2019 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.