3908 Park Place, La Crescenta, CA 91214
- $1,195,000
- List Price
- $1,195,000
- Price Change
- ▼ $54,000 1781303137
- Status
- ACTIVE
- MLS#
- P1-25133
- Year Built
- 1951
- Lot Size
- 10,996
- Acres
- 0.25
- Lot Location
- Sprinklers None
- Days on Market
- 232
- Property Type
- Multifamily
- Stories
- One Level
- Neighborhood
- Not Applicable
Property Description
Unlock a rare opportunity in one of the most desirable pockets of the Foothills. Just minutes from vibrant downtown Montrose and approximately 15 minutes from downtown Los Angeles, this duplex sits on a highly versatile lot with the potential to expand to 4-6 units (buyer to verify).The existing structures are in need of renovation, making this an ideal value-add project for investors, developers, or builders looking to capitalize on strong rental demand and a rapidly appreciating area. With flexible zoning, excellent frontage, and a neighborhood known for its walkability, dining, and boutique retail, this property offers the perfect foundation for a profitable redevelopment or long-term hold.Opportunities in locations this stronga"paired with true upside potentiala"do not come around often. Bring your vision and transform this underutilized duplex into a high-performing multi-unit asset.
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Additional Information
- Pool Description
- None
- Cooling
- Yes
- View
- None
- Attached Structure
- Detached
- Gross Scheduled Income
- $62,400
- Operating Expense
- 26686
Listing courtesy of Listing Agent: Brent Ballard (brent.ballard@exprealty.com) from Listing Office: eXp Realty of Greater Los Angeles.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.