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.

Essential Information

MLS® #319000990
Price$9,300,000
Bedrooms59
Bathrooms38.00
Full Baths38
Square Footage27,080
Acres0.84
Year Built1964
TypeResidential Income
Sub-TypeOther (L)
StatusBack Up Offer

Community Information

Address3221 Altura Avenue
CityGlendale
CountyLos Angeles
StateCA
Zip Code91214

Area

La Crescenta/Glendale/Montrose/Sparr Heights

Amenities

Parking Spaces38
Has PoolYes

Parking

Assigned, Carport, Parking Space

Pool

Community Pool, Fenced, Filtered Only (No Heat) (N)

Interior

AppliancesGarbage Disposal
HeatingWall Heater
StoriesMulti Levels

Cooling

Air Conditioning, Ceiling Fan(s), Wall or Window Units, Wall Unit(s)

Exterior

ExteriorStucco, Wood
RoofAsbestos Shingle
ConstructionFrame and Stucco
FoundationFoundation - Concrete Slab

Windows

Double Pane Windows, Window Blinds, Vertical Blinds

Additional Information

Date ListedMarch 13th, 2019
Days on Market194
ZoningGLR3*
HOA Fees0.00

Listing Details

AgentGeorge Yessaie(01893333)
OfficeJohnHart Real Estate

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