2543 Cross St La Crescenta, CA 91214
Estimated payment $22,998/month
Total Views
6,566
10
Beds
10
Baths
6,898
Sq Ft
$575
Price per Sq Ft
Highlights
- 0.36 Acre Lot
- No HOA
- Laundry Room
- Mountain Avenue Elementary School Rated A
- Cooling System Mounted To A Wall/Window
- Wall Furnace
About This Home
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.
Listing Agent
Remax Optima Brokerage Phone: 818-207-9999 License #00952259 Listed on: 06/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,939
Year Built
- Built in 1950
Lot Details
- 0.36 Acre Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
- 5804003016
Parking
- 6 Car Garage
Home Design
- Split Level Home
- Apartment
Interior Spaces
- 6,898 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
Outdoor Features
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Central Air
- Wall Furnace
Listing and Financial Details
- Tax Lot 5
- Tax Tract Number 5111
- Assessor Parcel Number 5804003017
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 11 Leased Units
- Rent Control
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,200
- Fuel Expense $240
- Gardener Expense $2,400
- Insurance Expense $10,560
- Other Expense $1,440
- Trash Expense $3,360
- Water Sewer Expense $9,000
- Operating Expense $60,000
- Gross Income $218,400
- Net Operating Income $158,400
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,939 | $1,115,514 | $669,309 | $446,205 |
| 2024 | $12,939 | $1,093,642 | $656,186 | $437,456 |
| 2023 | $12,660 | $1,072,199 | $643,320 | $428,879 |
| 2022 | $12,064 | $1,051,176 | $630,706 | $420,470 |
| 2021 | $11,882 | $1,030,566 | $618,340 | $412,226 |
| 2019 | $11,440 | $1,000,000 | $600,000 | $400,000 |
| 2018 | $5,494 | $446,951 | $335,485 | $111,466 |
| 2016 | $8,111 | $696,955 | $522,717 | $174,238 |
| 2015 | $8,016 | $686,487 | $514,866 | $171,621 |
| 2014 | $7,983 | $42,358 | $3,980 | $38,378 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | Price Changed | $3,969,000 | -0.2% | $575 / Sq Ft |
| 06/20/2025 06/20/25 | Price Changed | $3,975,000 | -9.6% | $576 / Sq Ft |
| 06/02/2025 06/02/25 | For Sale | $4,395,000 | -- | $637 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,500,000 | Chicago Title | |
| Grant Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,500,000 | New Conventional | |
| Closed | $1,350,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $1,080,000 | Commercial | |
| Closed | $1,800,000 | Commercial | |
| Closed | $1,800,000 | Commercial |
Source: Public Records
Similar Home in La Crescenta, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD25122829
APN: 5804-003-016
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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