2164 La Canada Crest Drive

    La Canada Flintridge, CA 91011
    • $1,690,000
    • STATUS: Active
    • ON SITE: 119 days
    • ID#: BB18174084
    UPDATED: 72 min ago
    $1,690,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,650
      SQFT
    • $363
      $/SQFT
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Rare four-plex in prime LaCanada location! Each unit has its own private patio/yard, fireplaces, spacious, lots of natural light, and with spectacular city and mountain views. The building has 4 covered parking spaces, on site laundry, close to the shopping and restaurants, and easy access to the freeway. These units are all extremely under rent, and approximately 100% upside in rents (2 of the tenants have vacated since the listing was taken, and these units are ready to be rented or renovated as soon as escrow closes! The third unit is owner occupied, and will be delivered vacant as well upon close of escrow if buyer desires). Although each unit is only one bedroom, there is a large den in each unit as well with closets in them. All tenants are long term tenants, and all leases are month-to-month. This property is not subject to rent control. Drive by only, and please do not disturb or talk with tenants. Seller intends to do a 1031 Tax Deferred Exchange, and buyer must agree to cooperate at no cost to the buyer. The seller is motivated!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T07:31:47.517. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/85835951

    2164 La Canada Crest Drive La Canada Flintridge, CA 91011

    • Price: $1,690,000
    • Status: Active
    • Updated: 72 min ago
    • ID#: BB18174084
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    4,650
    SQFT
    $363
    $/SQFT
    1963
    Built
    Neighborhood:
    634 - La Canada Flintridge
    County:
    Los Angeles
    Area:
    634 - La Canada Flintridge
    Property Description
    Rare four-plex in prime LaCanada location! Each unit has its own private patio/yard, fireplaces, spacious, lots of natural light, and with spectacular city and mountain views. The building has 4 covered parking spaces, on site laundry, close to the shopping and restaurants, and easy access to the freeway. These units are all extremely under rent, and approximately 100% upside in rents (2 of the tenants have vacated since the listing was taken, and these units are ready to be rented or renovated as soon as escrow closes! The third unit is owner occupied, and will be delivered vacant as well upon close of escrow if buyer desires). Although each unit is only one bedroom, there is a large den in each unit as well with closets in them. All tenants are long term tenants, and all leases are month-to-month. This property is not subject to rent control. Drive by only, and please do not disturb or talk with tenants. Seller intends to do a 1031 Tax Deferred Exchange, and buyer must agree to cooperate at no cost to the buyer. The seller is motivated!
    Exterior Features

    Carport Spaces 4.00 Garage Spaces 0.00 Lot Features Lot 6500-9999 Lot Size Units Square Feet Parking Features Covered Parking Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Fireplace Features Living Room Fireplace YN Yes Laundry Features AreaInside Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Elevation Units Feet Fuel Expense 1800.00 Gross Income 57252.00 Gross Scheduled Income 57252.00 Insurance Expense 2000.00 Land Lease YN No Laundry YN Yes Net Operating Income 48532.00 New Construction YN No New Taxes Expense 21600.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Wall AC 4 Operating Expense 8720.00 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 32252.00 Trash Expense 852.00 Water Sewer Expense 6000.00 Water Source Public Zoning Lfr3*

    Listing provided courtesy of Kenneth Barnes of Keller Williams Wmc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T07:31:47.517. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604