4503 Castle Lane 4503 Castle Lane
La Cañada Flintridge, CA 91011

4503 Castle Lane presents a rare value-add opportunity in La Cañada Flintridge’s coveted Montrose district. Offered at $1,300,000 ($433,333 per unit; $556.75 per square foot), this three-unit low-rise multifamily asset delivers an in-place net operating income of $47,317 (3.64% cap rate) on a 97% occupied basis. With a compact 2,335 SF building on a 0.14-acre lot and average unit rents of $2,024—approximately 12% below market ($2,295)—the property allows an investor to immediately lock in stable cash flow while capturing upside through modest rent adjustments.

Constructed in 1952...