Request Offering Memorandum

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2535-2539 Cross Street

La Crescenta, CA 91214

CROSS APARTMENTS

First Time on Market in 55 Years

Call us! 626.204.3300

ABOUT THE ASSET

SUMMARY
PROPERTY DESCRIPTION

The Cross Apartments represent an exceptional opportunity to acquire a 10-unit apartment building in the city of La Crescenta, California. This investment is comprised of 2 studio apartments, 6 One-Bed / One-bath units and 2 Two-Bed / One-Bath units. Cross Street Apartments features tremendous upside potential and benefit from a convenience, central location, only steps away from various shopping and dining.

PROPERTY IS LOCATED IN UNINCORPORATED COUNTY OF LOS ANGELES. RENT CONTROL ORDINANCE IN EFFECT.

PRICE
PRICE/UNIT
PRICE/SF
GRM
CAP
UNITS
YEAR BUILT
GROSS SF
LOT SF
APN
$2,500,000
$250,000
$362.42
22.52
2.04%
10
1950
6,898
15,877
5804-003-016 & -017

FIRST TIME ON THE MARKET IN OVER 55 YEARS

© 2016 Bridge Investment Group of KW Commercial

251 S. Lake Avenue, Suite 320

Pasadena, CA 91101

DRE #01444805