La Crescenta Storage

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    This self-storage property consists of 578 non-climate-controlled units, RV Parking spaces, a manager’s apartment, and a site office. The property was built in 1989 and has a total of 3 storage buildings which are 2 stories each, with a mix of drive-up and indoor units spread across 1.47 acres.

    Unit sizes range from 20 square feet to 250 square feet with an average unit size of 95 square feet. As of July 2021, the property is over 99% occupied. The occupancy is reflective of strong customer demand for self-storage in the area and an undersupplied market.

    As part of the business plan, The Manager intends to hire a large operator who is a seasoned property management company with a local presence, to streamline operations and increase economic occupancy. Capital improvements including but not limited to site office renovation, paint, solar, access control systems, and LED lighting have been budgeted as part of the business plan.

    La Crescenta-Montrose is an affluent area of Los Angeles County with a strong school district and a high median household income of $106,000. It is bordered on the north by the San Gabriel Mountains and Angeles National Forest, on the east by La Cañada Flintridge, on the south by the Verdugo Mountains and central Glendale, and on the northwest by the Sunland-Tujunga community of Los Angeles. The Foothill Freeway (Interstate-210) runs through the southern portion of the area and is less than half a mile from the property.