3819 La Crescenta Ave Glendale, CA 91214

Property Details for 3819 La Crescenta Ave

Year built

1987

Lot size

13,949.00 lot acres

Property size

12,859 SF

Property type

Commercial real estate

APN

5610-016-061 ;5610-016-062 ;5610-016-063 ;5610-016-064 ;5610-016-065 ;5610-016-066; 5610-016-067; 5610-016-068 ;5610-016-069 ;5610-016-070

Description

This exceptional 10-unit townhome investment opportunity in prime La Crescenta, CA, presents a rare chance to acquire a well-maintained property boasting significant upside potential. Built in 1987, the property comprises 12,859 square feet on a substantial 13,949 square foot lot, offering a compelling 5.28% cap rate and a strong NOI of $369,561. Each of the ten 2+2.5 townhomes features approximately 1,286 square feet of living space, complete with a double attached garage, individual washer/dryer hookups, fireplaces, central air conditioning and heating, and private balconies. The property benefits from separate gas, electric, and water meters, as well as copper plumbing, minimizing maintenance concerns. Situated in a highly desirable rental location, it's within walking distance of schools and just blocks from the vibrant Old Town Montrose Village, ensuring consistent high occupancy rates. The property's excellent curb appeal and individual parcel numbers for each unit further enhance its investment value. This is a turnkey opportunity for investors seeking a stable, high-performing asset in a sought-after Los Angeles County location. The asking price is $6,999,000, representing $699,900 per unit. The property's 20 parking spaces provide ample accommodation for residents. The APN numbers are: 5610-016-061