2535 Cross St - Apartments FOR SALE


La Crescenta, CA 91214- La Crescenta-Montrose
$3,975,000 USD
818-547-6367
2535 Cross St, La Crescenta, CA for Sale
$3,975,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

2535 Cross St
La Crescenta, CA 91214
La Crescenta-Montrose


HIGHLIGHTS

  • 10 nice sized units in La Crescenta on a 15,870 lot
  • Upside on rents
  • Possibility for future ADU addition or expansion

OVERVIEW

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. Don’t miss this chance to acquire a solid income property with tremendous future upside in one of La Crescenta’s most attractive neighborhoods.

FOR SALE DETAILS

PRICE

$3,975,000 USD

PRICE/SF

$576 USD /SF

# OF UNITS

10

PRICE/UNIT

$397,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cross Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R3

APN/PARCEL ID

5804-003-016,5804-003-017

ASK ABOUT THIS PROPERTY

Pakrad MarkarianRe/Max OptimaMore Info
818-547-6367

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Pakrad MarkarianRe/Max OptimaMore Info
818-547-6367

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.