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3419 Montrose Ave 3 Unit Apartment Building Offered at $2,749,000 at a 4.01% Cap Rate La Crescenta, CA 91214
Investment Highlights
- 2024 New Construction, Three Fully Detached Residences , No Shared Walls with private garage space, Separate Water, Gas & Electric Metering.
- Top-Rated Foothill School District, Optional Leaseback Opportunity, Minimal Shared Operating Expenses, Easy Access to Honolulu Avenue & 210 Freeway
- Owned Solar Systems, EV Charging Infrastructure, Central HVAC Throughout, Premium Family-Oriented Layouts, Enhanced Acoustic interior Insulation
Executive Summary
2024-built detached luxury triplex located in the highly desirable La Crescenta-Montrose foothill community adjacent to Glendale and La Cañada Flintridge. The property features three fully detached residences with no shared walls, offering a rare single-family-home feel within a multifamily investment asset.
Property includes approximately 2,940 SF of permitted living area plus approximately 880 SF of substantial private garage/storage areas, owned solar systems servicing each residence, separate water/gas/electric metering, EV charging infrastructure, central HVAC, enhanced acoustic interior insulation, and premium low-maintenance construction features designed for long-term ownership quality.
Existing rents remain below projected market levels, providing future upside potential. Seller may consider an optional leaseback structure for the front residence to assist with occupancy stabilization and ownership transition.
Ideal opportunity for owner-users, multigenerational living, or long-term investors seeking premium newly constructed multifamily product in one of Los Angeles County’s most desirable foothill communities.
Property includes approximately 2,940 SF of permitted living area plus approximately 880 SF of substantial private garage/storage areas, owned solar systems servicing each residence, separate water/gas/electric metering, EV charging infrastructure, central HVAC, enhanced acoustic interior insulation, and premium low-maintenance construction features designed for long-term ownership quality.
Existing rents remain below projected market levels, providing future upside potential. Seller may consider an optional leaseback structure for the front residence to assist with occupancy stabilization and ownership transition.
Ideal opportunity for owner-users, multigenerational living, or long-term investors seeking premium newly constructed multifamily product in one of Los Angeles County’s most desirable foothill communities.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Sprinkler System
- Stainless Steel Appliances
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- Security System
- Car Charging Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $5,000 | 1,130 |
| 3+2.5 | 2 | $4,625 | 1,140 |
| 2+1.5 | 3 | $3,500 | 670 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5607-004-032 | Total Assessment | $1,263,063 (2025) |
| Land Assessment | $649,349 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $613,714 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
5607-004-032
Land Assessment
$649,349 (2025)
Improvements Assessment
$613,714 (2025)
Total Assessment
$1,263,063 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Contact the Sale Advisor
3419 Montrose Ave