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2520 Montrose Ave
Montrose, CA 91020
Montrose Avenue Apartments · Multifamily Property For Sale
·
11 Units
PROPERTY FACTS
| No. Units | 11 | Building Size | 5,502 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1947 |
| Building Class | C | Parking Ratio | 1.82/1,000 SF |
| Lot Size | 0.24 AC | ||
| Zoning | LCR3 - R3 zoning providing future development opportunity | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,502 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | LCR3 - R3 zoning providing future development opportunity |
AMENITIES
SITE AMENITIES
- Laundry Facilities
ABOUT 2520 MONTROSE AVE , MONTROSE, CA 91020
Reduced by $750,000! Submit all offers. Owner's other property now in escrow. Hudson Partners is pleased to present 2520 Montrose Avenue, located in Montrose, CA and within 3 blocks of Honolulu Avenue and downtown Montrose's unique small-town atmosphere that includes shopping, dining, and a strong sense of community. The property consists of 3 structures on one parcel. There are 11 units, of which ten are 1 bedroom 1 bath units and one is a 2 bedroom 1 bath owner's unit, with private patio and one-car garage. (Buyer to verify all square footages and conforming units). Situated on a 10,303 square foot lot with LCR3 zoning, there may be future development potential for the asset. The property is situated in an unincorporated area of L.A. County, without the limitations of rent control. There are 8 parking spaces. Units are master metered for all utilities. The property has many strengths: excellent location, decent lot size, and no rent control. Tremendous "value-add" potential exists for an investor to upgrade the units and raise rents to market in an area with very limited apartment inventory.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 1+1 | 10 | - | - |
PROPERTY TAXES
| Parcel Number | 5807-016-046 | Improvements Assessment | $967,152 |
| Land Assessment | $1,137,827 | Total Assessment | $2,104,979 |
PROPERTY TAXES
