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.