2700 Piedmont Ave
Montrose, CA 91020
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Beautiful Newly Constructed Spacious Condos in a High Barrier to Entry Market with Excellent Demographics & Schools
- Pride of Ownership Property, Potential Owner/User Asset, & Opportunity to Sell Individual Condos in the Future
- Fully Renovated Detached Single Family Home with Potential Historical Designation and Property Tax Deduction
Property Facts
| No. Units | 5 | Building Size | 8,477 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2016 |
| Building Class | B | Parking Ratio | 1.89/1,000 SF |
| Lot Size | 0.24 AC | ||
| Zoning | GLR4YY - GLR4YY | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 8,477 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2016 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | GLR4YY - GLR4YY |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Yard
- Deck
- Double Pane Windows
- Family Room
- Garden
- Handrails
Site Amenities
- Controlled Access
- Elevator
About 2700 PIEDMONT AVE , MONTROSE, CA 91020
The subject property was developed as a five unit condo building that includes a detached single family and four condos. The condos are situated on a 10,323 foot lot zoned GLR4YY, which is located at 1700 Piedmont Ave in the city of Montrose. The property is improved with 2 residential buildings, the condos are three stories in height and constructed in 2016 and the single family home was built in 1929 and completely renovated in 2016. Parking consists of 12 gated subterranean spaces in the condo building with elevator access and 2 garage spaces and surface parking at the single family home. The property has an excellent unit mix with spacious units: (1) 2+1 SFR, (1) 2-level 2+2.5, (3) tri-level 3+3.5 units. Situated on a corner lot with mature landscaping, laundry in each unit, balconies, modern kitchens, patios, and mountain views. The property is individually metered for gas and electric and the landlord pays for water, sewer and trash. The property was built as condos but is operated as an apartment building and is not subject to rent control. Steps are still required with the city to finalize the condo subdivision. Seller will provide the documentation to potential purchasers.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $3,250 | 1,700 |
| 3+4 | 3 | $3,700 | 2,000 |
| 2+1 | 1 | $2,750 | 743 |
Property Taxes
| Parcel Number | 5610-023-158 | Improvements Assessment | $1,478,069 |
| Land Assessment | $1,021,313 | Total Assessment | $2,499,382 |
Property Taxes
