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2520 Montrose Ave
Montrose, CA 91020
Multifamily Property For Sale
·
11 Units
Investment Highlights
- Rare Assumable Loan at 3.64% Interest Rate
- 11.28 GRM at $2,595,000 Asking Price
- Large 10,303 SF LCR3 Development Site
- Projected Stabilized Gross Income of ~$230,124 Annually
- Potential for Up to 3 Additional ADUs
- Premier Montrose Location Near Honolulu Avenue
Executive Summary
Located at 2520 Montrose Avenue, Montrose, California, this exceptional multifamily asset presents a rare opportunity to acquire a character-rich income property in one of the San Gabriel Valley’s most desirable and supply-constrained rental markets. Situated just blocks from the vibrant Honolulu Avenue shopping and dining district, the property combines immediate cash flow, assumable low-rate financing, and significant long-term value-add potential.
Originally constructed in 1947, the property consists of three separate residential structures totaling approximately 5,502 square feet on a large 10,303-square-foot LCR3-zoned lot. The community comprises 11 units, including ten one-bedroom/one-bath residences and one larger two-bedroom owner’s unit featuring a private patio and garage. The property benefits from eight on-site parking spaces, master-metered utilities, and the advantage of being located in an unincorporated area of Los Angeles County that is not subject to traditional rent control restrictions
Montrose remains one of the most sought-after residential communities in the foothills of Los Angeles County. Residents enjoy a unique small-town atmosphere centered around Honolulu Avenue, known for its boutique shopping, local restaurants, cafés, community events, and weekly farmers market. The neighborhood offers convenient access to Glendale, Pasadena, Burbank, Downtown Los Angeles, and the 210 Freeway while maintaining a charming, community-oriented environment.
Originally constructed in 1947, the property consists of three separate residential structures totaling approximately 5,502 square feet on a large 10,303-square-foot LCR3-zoned lot. The community comprises 11 units, including ten one-bedroom/one-bath residences and one larger two-bedroom owner’s unit featuring a private patio and garage. The property benefits from eight on-site parking spaces, master-metered utilities, and the advantage of being located in an unincorporated area of Los Angeles County that is not subject to traditional rent control restrictions
Montrose remains one of the most sought-after residential communities in the foothills of Los Angeles County. Residents enjoy a unique small-town atmosphere centered around Honolulu Avenue, known for its boutique shopping, local restaurants, cafés, community events, and weekly farmers market. The neighborhood offers convenient access to Glendale, Pasadena, Burbank, Downtown Los Angeles, and the 210 Freeway while maintaining a charming, community-oriented environment.
Property Facts
| Price Per Unit | $235,909 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 5,502 SF |
| No. Units | 11 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1947 |
| Apartment Style | Low-Rise | Parking Ratio | 1.82/1,000 SF |
| Building Class | C | ||
| Zoning | LCR3 - R3 zoning providing future development opportunity | ||
| Price Per Unit | $235,909 |
| Sale Type | Investment |
| 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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
| 2+1 | 1 | - | - |
Property Taxes
| Parcel Number | 5807-016-046 | Improvements Assessment | $967,152 |
| Land Assessment | $1,137,827 | Total Assessment | $2,104,979 |
Property Taxes
Parcel Number
5807-016-046
Land Assessment
$1,137,827
Improvements Assessment
$967,152
Total Assessment
$2,104,979
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