2543 Cross St La Crescenta, CA 91214
La Crescenta-Montrose NeighborhoodEstimated payment $29,066/month
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.
Last Listed By
Remax Optima Brokerage Phone: 818-207-9999 License #00952259 Listed on: 06/02/2025
Property Details
Home Type
- Multi-Family
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 $219,960
- Net Operating Income $159,960
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/02/2025 06/02/25 | For Sale | $4,395,000 | -- | $637 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD25122829
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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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