La Canada View
2142 La Canada Crest Dr, La Cañada Flintridge, CA 91011
First time on market since built
From original ownership
Once in a lifetime opportunity
5 units over 8,400 sf
(3) 2+.5 | (2) 2+2
Huge upside in rents
Massive 3 level owner’s unit
Description
The Alexanian Apartment Advisors are honored to represent this once in a lifetime investment opportunity. Being offered for the first from the original developer/owner, the La Canada Crest View Apartments is comprised of 5 large units. Amazing views to Downtown Los Angeles and Verdugo Mountains. All units have washer and dryer inside, central air conditioning, and additional storage space. The owners unit 3 bedroom with 2.5 bath is abundantly spread over three levels and offers irreplaceable views. The property has countless capital improvements and provides big upsides in rents with a short walk to Foothill Blvd.
| Price | $2,900,000 | Cap Rate | 2.74% |
|---|---|---|---|
| No. Units | 5 | Gross Rent Multiplier | 20 |
| Building Size | 8,499 SF | No. Stories | 3 |
| Price/Unit | $580,000 | Year Built | 1973 |
| Property Type | Multifamily | Lot Size | 10,430 SF |
| Property Sub-type | Garden/Low-Rise | APN / Parcel ID | 5810-016-007 |
Price
$3,000,000
City
La Canada, CA
Units
5
