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.
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La Crescenta/Glendale/Montrose/Sparr Heights (635)
Listing provided courtesy of
, Society Realty
3 Full Baths
Additional Property Details
Number of Units
Tucked in to the Verdugo hillside, the La Crescenta-Montrose area offers up all the charms of small-town California live but is within in easy distance and gorgeous view of Los Angeles. It is bordered by the Angeles National Forest, La Cañada Flintridge, Glendale and Tujunga.
Real Estate: La Crescenta and Montrose real estate for sale takes great advantage of the hilly area with many single family homes perched on hillsides for maximum views. The area is rich with many different architectural styles from classic ranches and Mediterraneans to modern traditionals. There are also some condos for sale and apartments for rent in the area.
Community Life: La Crescenta-Montrose is located near the Angeles National Forest and outdoor recreation is popular including camping, hiking, and mountain biking. The Montrose Marketplace and Harvest Market is open on Sunday mornings and offers a farmers’ market as well as vendors selling collectibles and hand-crafted products. Education: La Crescenta-Montrose is served by the Glendale Unified School District. Local schools include La Crescenta Elementary School, Dunsmore Elementary School, John C. Fremont Elementary School, Abraham Lincoln Elementary School, Rosemont Middle School, Crescenta Valley High School, and Clark Magnet. Private schools include Holy Redeemer Catholic School, Crescenta Valley Adventist School and Armenian Sisters Academy.
Transportation: The 2 and 210 Freeways pass through the area. The Glendale Beeline also serves this area.
Local Attractions: The La Crescenta Motel, formerly known as the May-Lane Motel was built in 1946 and has served as a popular filming spot for movies and television shows including “Mad Men.” St. Luke’s of the Mountains church was designed and built by local artist Seymour Thomas in 1924 and several of his portraits can be seen around town. Le Mesnager and vineyards, built by a French winemaker in the early 1900s is located in Deukmejian Wilderness Park.
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