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Key Details
Sold Price $2,385,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW22215192
Sold Date 01/03/23
Bedrooms 4
HOA Y/N No
Lot Size 8,808 Sqft
Property Description
2159 La Canada Crest Dr. is a charming, well-maintained 5-unit apartment building located in the coveted La Canada Flintridge submarket. With limited apartment stock, great schools and a robust job market, this opportunity is a one of a kind for investors seeking to own in one of the nation's most prized cities. The units are spacious, clean and well laid-out. All units have two bedrooms and one bathroom. Two of the units have an additional half bath. Unit features include some updated appliances, hardwood floors and large outdoor patios with panoramic hillside views. The Building sits on the corner of La Canada Plaza Rd and La Canada Crest Dr. It is right off the main drag of Foothill Blvd where all the dinning, shopping and entertainment one could enjoy. Easy access to the 2 and 210 freeways. Very short drives to USC Verdugo Hills Hospital, Keck Medicine of USC, JPL and La Canada Flintridge Country Club. Tenants will also have an array of outdoor recreation activities at their disposal with many parks, trailheads, and campsites located in all the surrounding mountain ranges. Investment opportunities in the area are fare and few between as one to two transactions take place in the apartment market here on a yearly basis.
2159 La Canada Crest Dr. is a charming, well-maintained 5-unit apartment building located in the coveted La Canada Flintridge submarket. With limited apartment stock, great schools and a robust job market, this opportunity is a one of a kind for investors seeking to own in one of the nation's most prized cities. The units are spacious, clean and well laid-out. All units have two bedrooms and one bathroom. Two of the units have an additional half bath. Unit features include some updated appliances, hardwood floors and large outdoor patios with panoramic hillside views. The Building sits on the corner of La Canada Plaza Rd and La Canada Crest Dr. It is right off the main drag of Foothill Blvd where all the dinning, shopping and entertainment one could enjoy. Easy access to the 2 and 210 freeways. Very short drives to USC Verdugo Hills Hospital, Keck Medicine of USC, JPL and La Canada Flintridge Country Club. Tenants will also have an array of outdoor recreation activities at their disposal with many parks, trailheads, and campsites located in all the surrounding mountain ranges. Investment opportunities in the area are fare and few between as one to two transactions take place in the apartment market here on a yearly basis.
Location
State CA
County Los Angeles
Area La Canada Flintridge (91011)
Zoning Assessor
Building
Lot Description National Forest
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Monthly Total Fees $80
Acceptable Financing Cash, Conventional, Exchange
Space Rent $2,430
Listing Terms Cash, Conventional, Exchange
Financing Conventional
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Bought with Albert Babayan • JohnHart Real Estate