Property Detail

4503 Castle

La Canada Flintridge CA 91011

$1,300,000

Status: Active

Property Details

Description

We are pleased to present 4503 Castle Lane, a well-located triplex investment opportunity in the highly affluent and supply-constrained community of La Canada Flintridge. Built in 1952, the property offers investors a rare opportunity to acquire a boutique, low-density residential asset in one of the most desirable foothill submarkets in Los Angeles County, known for its strong demographics, top-tier schools, and long-term appreciation fundamentals. The property consists of one (1) one-bedroom/one-bathroom unit measuring approximately 635 square feet and two (2) two-bedroom/one-bathroom units measuring approximately 850 square feet each, providing an attractive balance of affordability and livability for a broad tenant base. The two bedroom units are well-suited for small families or roommates, supporting strong tenant retention and income stability. Select units have been upgraded with new wood flooring, fresh interior paint, updated lighting, and modern finishes. A standout one-bedroom unit features double French doors opening to a spacious private patio and large fenced yard, a rare amenity for multifamily properties in this submarket.Additional interior features include kitchens with granite countertops and maple cabinetry, in-unit washer and dryer connections, porcelain appointed bathrooms, central heating, wall air conditioning, ceiling fans, and ample storage. The property offers covered tuck-under carport parking, additional storage, and a large common deck area.The existing tuck-under parking configuration presents a compelling value-add opportunity to construct an approximately 400-square-foot studio ADU, subject to buyer verification. Under California's current ADU legislation and the City of La Canada Flintridge's local ordinance, this addition could meaningfully increase both unit count and income in a high-barrier-to-entry submarket where new supply is extremely limited.4503 Castle Lane is ideally situated near the heart of the Montrose district, moments from the Montrose Shopping Park, a vibrant pedestrian oriented retail corridor with boutique shops, restaurants, cafes, and a popular weekly farmers market. The property benefits from direct freeway access via the 210 and 2 Freeways, connecting residents to Pasadena, Glendale, Burbank, and Downtown Los Angeles. The Jet Propulsion Laboratory (JPL) is within 3 miles, anchoring a highly educated, high-income renter demographic that sustains consistently low vacancy in this submarket.

Map Location

Listing provided courtesy of Filip Niculete of Marcus & Millichap. Last updated 2026-03-28 08:11:35.000000. Listing information © 2025 CRMLS.

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"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

"My Mom passed away 1/31/21 needless to say it was a very difficult time for me. I needed help selling my mothers home. I reached out to Ever and he stepped up big! From the beginning he was a true professional great communication skills, great attitude, always made time for me and answered any questions I had. He showed compassion for my situation and went above and beyond to make things as easy as possible for me. Go with Ever you won’t regret it!"

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