3221 Altura Ave
La Crescenta, CA 91214
Multifamily Property For Sale · 29 Units

Amazing opportunity to own a gem in Glendale/La Crescenta area walking distance to Lincoln Elementary and Crescenta Valley High school. This building was constructed in 1964 and consists of two buildings, i.e. a 15 unit and a 14 unit, on the same lot. There are (19) 2+1, (6) 2+2 and (3) 3+2, (1) 0+1 NC units on a 36,716 SQFT lot in a 27,080 Sqft improvement. Five of 2+1 units are extra-large and command higher rents. The windows have been replaced with energy-efficient Vinyl ones and the roof is also a few years old. There is a beautiful swimming pool servicing the valued tenants with a family and barbeque area In the rear. There are ample parking for all of the residents on the grounds, either tuck under or surface parking. The property has a historically high occupancy rate and a new owner can take over and achieve an above market return for the city of Glendale by enhancing use intensity, and continued improvement and modernization.