La Crescenta, CA 91214 2535 2543 CROSS Street

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Presented By: Pakrad Markarian with Remax Optima; 818-207-9999
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# GD25122829
  • 06/02/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 10
  • Baths • 10
  • SQFT • 6,898
  • Garage • 6

Home Details

Excellent Investment Opportunity in Prime La Crescenta Location. Unlock the potential of this rare 10-unit multifamily property situated in the desirable community of La Crescenta. The property consists of a total of 10 units: 2 spacious two-bedroom units, 6 one-bedroom units, and 2 singles. Each unit is well-proportioned, offering comfortable living spaces that tenants will appreciate. Sitting on a generous 15,879 sq ft lot, the property features a total building size of 6,898 sq ft, with plenty of room for potential expansion. Rents are currently below market, offering significant upside for investors seeking long-term growth and increased cash flow. An added value opportunity exists with the possibility of adding an ADU (Accessory Dwelling Unit), further enhancing the income potential of this asset. Buyer to investigate the possibility. Located in a high-demand rental area with strong tenant appeal, this property is perfect for investors looking to reposition and maximize returns. Don’t miss this chance to acquire a solid income property with tremendous future upside in one of La Crescenta’s most attractive neighborhoods.
Presented By: Pakrad Markarian with Remax Optima; 818-207-9999

Interior Features for 2535 2543 CROSS Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea, LaundryRoom, SeeRemarks
Total Stories2

Other Rooms

Entry Level1

General for 2535 2543 CROSS Street

Additional Parcels Description5804003016
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLa Crescenta
Community FeaturesGutters
CoolingCentralAir, WallWindowUnits
CountyLos Angeles
DirectionsCorner of Rosemont and Cross above Foothill Blvd.
Electric Expense1200.0
Entry Locationfd
Fuel Expense240.0
Garage Spaces6.0
Garage Y/NYes
Gross Income218400.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense10560.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet15877.0
Lot Size UnitsSquareFeet
MLS Area635 - La Crescenta/Glendale Montrose & Annex
MobileHomeRemainsYNNo
Net Operating Income158400.0
New ConstructionNo
Number Of Units Total10
Number of Units Leased11
Operating Expense60000.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot5
Tenant PaysElectricity, Gas
Total Actual Rent18030.0
Trash Expense3360.0
Water Sewer Expense9000.0
Year Built1950
Year Built SourceAssessor

Exterior for 2535 2543 CROSS Street

Building Area Total6898.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.3645
Lot Size Area15877.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters11
Number of Separate Gas Meters11
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $3,969,000
MLS#GD25122829
List Date 06/02/2025
Property Type Multi-Family
Phone 714.742.6515
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