• 10,223 sq.ft. lot
offered at $1,450,000
Status: Active // Property Type:
Project/Tract: Not Applicable - 1007242 // Year Built: 1943

Property Description

One of the very last R3 zoned parcels for development in exclusive eastern La Crescenta, north of Foothill Blvd. The property is perfect for the investor looking to develop multifamily in the future, but with the upside of income now. Currently a well-maintained 4 bed/ 3 bath home, it rents out for $3000/mo.(well below market), mo. to mo., with NO RENT CONTROL. R3 zoning allows for 6 or more units to be built. The parcel falls in the most desired school area-- assigned to top ranked Monte Vista Elementary School (sought for its Korean dual language program). Both Monte Vista and Rosemont Middle are just up the street, and CV High is close by as well. All 3 are Blue Ribbon Schools. The residential market here is very robust, driven by superlative public schools just north of DTLA.

Listing Courtesy of Monica An, Society Realty

  • raj qsar
    Principal | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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