EXECUTIVE SUMMARY
The Growth Investment Group is proud to present 3316 Montrose Avenue; a charming pride of ownership 3-unit investment in the highly desirable city of La Crescenta, California.
This spectacular opportunity is perfect for an owner-user investor or an investor looking to acquire a non-rent-controlled, superbly located property, in one of the strongest submarkets in the Los Angeles County.
The property is located on a serene and highly convenient street that is surrounded by lush trees, beautiful residential homes, and apartments. Situated on a lot size of ±7,368 SF with a total building size of ±3,246 SF, it features an excellent unit mix of a 2-bedroom + 2-bath + DEN detached home in front and a two-story building in the rear with one 4-bedroom + 2-bath townhouse unit and 2-bedroom + 2-bath townhouse unit. Built in 1923 (front house) and 1965 (duplex), the property has undergone recent renovation and has been impeccably maintained, offering a turn-key pride of ownership opportunity for its future owner.
Each unit is spacious and bright; it has been renovated with laminate wood flooring, upgraded kitchen with quartz countertops and new kitchen cabinets, stainless steel appliances, under-mounted sink, contemporary tiled backsplash, upgraded bathrooms with new vanities, and paneled doors throughout; separately metered for water, gas, and electricity, with laundry hookups. The front detached home is a charming, upgraded, detached home with a fireplace; the rear two-story building features two attractive townhome-style units. The property also features new exterior paint, extensive termite repair, beautiful landscaping, a new carport roof, and 2 dedicated parking spaces for each unit.
LOCATION AND ACCESS
3316 Montrose Avenue is located in the highly desirable city of La Crescenta with excellent demographics of ±$140,000 Average Household Income within a mile radius. It is zoned for the nationally recognized, award-winning middle school and high school and within walking distance to La Crescenta Elementary School and Crescenta Valley High School, situated near Crescenta Valley Dog and Skate Park.
La Crescenta is a community that combines urban living and metropolitan convenience. La Crescenta’s highest point sits 2700 feet above sea level, overlooking the Pacific Ocean during the day and clear views of downtown Los Angeles city lights at night. Crescenta Valley continues to be a safe, convenient place to raise a family, conduct business, and enjoy Southern California at its best.
The property is surrounded by single-family homes with nearby churches, community parks, shopping centers, entertainment and public libraries. Just minutes to USC Verdugo Hills Hospital, Descanso Gardens, Rose Bowl Stadium, The Americana at Brand, La Tuna Canyon hiking and mountain bike trails, and Montrose - Glendale’s historic old town, featuring dining, shopping, bowling, an upscale movie theatre, and a weekly farmers’ market.
The property has superb access to FWY 134, FWY 210, and FWY 2, less than 20 minutes to downtown Los Angeles with easy access to public transportation. Due to its outstanding location, residents also enjoy the tranquility of north Glendale and immediate access to Angeles National Forest, providing natural environments with spectacular scenery.
