3221 Altura Avenue
$9,300,000, 59 Beds 38 Baths 27,080 Sqft .84 Acres
About This Property
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.
La Crescenta/Glendale/Montrose/Sparr Heights
Assigned, Carport, Parking Space
Community Pool, Fenced, Filtered Only (No Heat) (N)
Air Conditioning, Ceiling Fan(s), Wall or Window Units, Wall Unit(s)
Double Pane Windows, Window Blinds, Vertical Blinds
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