$1,323,000
$1,323,000
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4520 Rosemont AVE La Crescenta, CA 91214
10,018 Sqft Lot
Key Details
Sold Price $1,323,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P0-817003057
Sold Date 04/18/18
HOA Y/N No
Year Built 1943
Lot Size 10,018 Sqft
Acres 0.23
Property Description
One of the very last R3 zoned parcels for development in exclusive eastern La Crescenta, north of Foothill Blvd. The property is perfect for the investor looking to develop multifamily in the future, but with the upside of income now. Currently a well-maintained 4 bed/ 3 bath home, it rents out for $3000/mo.(well below market), mo. to mo., with NO RENT CONTROL. R3 zoning allows for 6 or more units to be built. The parcel falls in the most desired school area. Rosemont Middle is just up the street, and Mountain Ave Elementary and CV High are very close by as well. All 3 are Blue Ribbon Schools. The residential market here is very robust, driven by superlative public schools just north of DTLA.
Location
State CA
County Los Angeles
Zoning LCR3YY
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Flooring Laminate
Fireplaces Type Master Bedroom
Fireplace Yes
Appliance Gas Oven, Oven
Laundry Common Area
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 5804003015
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Bought with Monica An • Society Realty
GUIDE SoCal
Broker | License ID: DRE#01976964