2300 Montrose Avenue

Montrose, CA 91020

$5,150,000
Last Sold Price
29
Beds
15
Baths
12,172 Sq. Ft.
$423 / Sq. Ft.
12,172
Sq. Ft.
$423
per Sq. Ft.

Description

We are pleased to present 2300 Montrose Ave, a corner lot opportunity located in prime Montrose, CA. The fifteen-unit multifamily property includes on-site covered parking, on-site laundry facility, and provides immediate access to the 210 freeway, Burbank, Glendale, and Pasadena. While 2300 Montrose is mainly composed of two-bedroom units, the building retains a diversified mix of unit types. The unit mix consists of one (1) one bed/one bath, thirteen (13) two bed/one baths, and one (1) two bed/one...We are pleased to present 2300 Montrose Ave, a corner lot opportunity located in prime Montrose, CA. The fifteen-unit multifamily property includes on-site covered parking, on-site laundry facility, and provides immediate access to the 210 freeway, Burbank, Glendale, and Pasadena. While 2300 Montrose is mainly composed of two-bedroom units, the building retains a diversified mix of unit types. The unit mix consists of one (1) one bed/one bath, thirteen (13) two bed/one baths, and one (1) two bed/one bath townhome apartment. Nestled at the base of the Angeles National Forest, La Crescenta-Montrose offers a desirable balance between the scenic suburb with San Gabriel Mountain Views and a popular retail hotspot for many in Los Angeles. Residents and visitors enjoy maintained, spacious neighborhoods with a diverse array of shops and restaurants strewn along Foothill Boulevard. La Crescenta-Montrose is often a top choice among commuters as it allows residents to pursue favorable work oppor
  1. Listed by Saadia 'Sam' Liberow • DRE #01933858 • Brokerage DRE #01240999 • Marcus & Millichap
  2. Listed by Jeffrey Louks • DRE #00908473 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 2300 Montrose Avenue

Zoning
LCR3YY
Parcel Number
5807006061
Total Units
15.0
Living Area
12172
Source Living Area
Appraiser
Area
La Crescenta/Glendale/Montrose/Sparr Heights (635)
Vacancy Rate
0
Lot Size Area
14324

Location

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858; Marcus & Millichap, Jeffrey Louks, DRE #00908473

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute
LISTING UPDATED: 07/26/2021 03:06 PM

Property Details for 2300 Montrose Avenue

StatusSold
MLS #21-696496
Days on Market90
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.33 AC / 14,324 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858; Marcus & Millichap, Jeffrey Louks, DRE #00908473

Sold By Non-Participant Office, Subscriber Non, DRE #13252

Add your commute

Building Information for 2300 Montrose Avenue

Stories2Residences-Year Built1962Building Size-Lot Size0.33 AC / 14,324 SF

Payment Calculator

$28,106 per month

30 year fixed, 7.25% Interest

Principal and Interest

$28,106

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2300 Montrose Avenue

Community / Development
Community / Development
  • Number Of Units: 15
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: Yes
  • View Description: Mountains
  • View: Mountain(s)
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $337,211
  • Net Operating Income: $225,932.00
  • Gross Income: $347,640
  • Cap Rate: 4.37%
  • Gross Rent Multiplier: $14.89
  • Owner Pays: Water
  • Total Annual Expense: 111279
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.329
  • Lot Size Square Feet: 14324
  • Lot Location: Corner Lot
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 24
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Flat
  • Entry Location: Ground Level w/steps
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-23-2021
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,695.00
  • Unit Actual Rent: $1,695.00
  • Unit Projected Rent: $1,695.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $26,900.00
  • Unit Projected Rent: $32,185.00
  • Like Units: 14
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $293,626.00
  • Assessed Improvement Percent: 83.09
  • Assessed Land Value: $59,758.00
  • Assessed Land Percent: 16.91
  • Assessed Total Value: $353,384.00

Property History for 2300 Montrose Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2300 Montrose Avenue

This home is within Glendale Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
John C. Fremont Elementary School
PublicK to 6

Rosemont Middle School
Public7 to 8

Crescenta Valley High School
Public9 to 12

Anderson W. Clark Magnet High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858; Marcus & Millichap, Jeffrey Louks, DRE #00908473

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.