3316 Montrose Avenue, La Crescenta, CA 91214

About this property

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!

Listing description from the June 2019 sale, as reported to CRMLS.

Sale history

$1,570,000

Sold June 2019 · listed $1,585,000, on market February 2019 · MLS #319000545 · Source: CRMLS

Listing Agent: David Issaians · Listing Office: Coldwell Banker Realty · Contact: 818-240-1111 · Bought with: Jason Kim · Dream Realty La Crescenta

$1,100,000

Sold April 2018 · listed $1,245,000, orig. $1,155,000, on market February 2018 · MLS #SR18038029 · Source: CRMLS

Listing Agent: Samuel Heller · Listing Office: Realty World-Legends · Contact: 661-799-9400 · Bought with: Samuel Heller · Realty World-Legends

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