2155 La Canada Crest Dr, La Canada Flintridge, CA 91011

Property Description

Call for Offers: 12pm, Friday, 3/15/13.***PLEASE EMAIL OR CALL FOR THE MARKETING PACKAGE***The Subject property is located in the prime city of La Canada-Flintridge, CA just minutes away from the 2 and 210 Freeways and is home to some of the areas most exclusive homes in the San Gabriel Valley. Built in 1961, the property, which sits on one parcel, consisting of one, two-bedroom/two-bath unit, six, two-bedroom/one-bath units, and one, one-bedroom/one-bath unit. Most have ample storage, spacious floor plans, and sky lights. Each unit has covered car parking, central heat and wall A/C. The units are also individually metered for gas and electricity. Location Without question, the focus on location has always been one of the key principles for successful real estate investing. A solid location, one with a growing demand and scarcity of housing supply, has historically proven to be the primary force that maintains and pushes rental demand and rents. The subject property is situated in just such a submarket. La Canada is a high barrier to entry market with very few apartment buildings in the city.