2310 Del Mar Road

Montrose, CA 91020

$5,000,000
Price
28
Beds
14
Baths
13,263 Sq. Ft.
$377 / Sq. Ft.
13,263
Sq. Ft.
$377
per Sq. Ft.

Description

$600,000 price improvement! Offered for sale for the first time in over 40 years since its original construction in 1984, this great investment opportunity features 14 spacious units, each offering 2 bedrooms and 1 bathroom. Situated on nearly 21,000 square feet of land across two lots, the building itself spans 13,263 square feet and is located in the highly desirable Montrose community, adjacent to La Canada. The property has numerous desirable features for each unit, including 2 covered parking...$600,000 price improvement! Offered for sale for the first time in over 40 years since its original construction in 1984, this great investment opportunity features 14 spacious units, each offering 2 bedrooms and 1 bathroom. Situated on nearly 21,000 square feet of land across two lots, the building itself spans 13,263 square feet and is located in the highly desirable Montrose community, adjacent to La Canada. The property has numerous desirable features for each unit, including 2 covered parking spaces, enclosed balconies/patios, wood/gas fireplaces in the living rooms, and separate metering for gas and electricity. Thirteen of the fourteen units are equipped with central air and heating, and each unit has its own water heater. The property also presents significant rental upside potential, complemented by additional income from the on-site laundry facilities. A newer Class 'A' roof was installed in 2015, ensuring durability and reduced maintenance costs. Tenants enjoy the convenience of being within minutes of the historic Montrose Shopping Park, the retail corridor of Foothill Blvd, and easy access to the 210 Freeway. With a Walk Score of 82, the location is considered 'Very Walkable.' This property, located in Unincorporated Los Angeles County, is subject to rent control ordinances. It represents an excellent investment opportunity, ideal for both new investors and those looking for a 1031 exchange upleg. For more details, please inquire within.
  1. Listed by Shant Sherbetdjian • DRE #01713570 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 2310 Del Mar Road

Zoning
LCR3*
Cross Streets
Ocean View Blvd & Montrose Ave
Parcel Number
5807002058
Total Units
14.0
Living Area
13263
Source Living Area
Assessor
Area
La Crescenta/Glendale/Montrose/Sparr Heights (635)
Vacancy Rate
None
LISTING UPDATED: 09/18/2024 04:21 PM

Property Details for 2310 Del Mar Road

StatusActive
MLS #24-431831
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1984
Lot Size0.48 AC / 20,890 SF
CountyLos Angeles County

Building Information for 2310 Del Mar Road

Stories2Residences-Year Built1984Building Size-Lot Size0.48 AC / 20,890 SF

Property Information for 2310 Del Mar Road

Community / Development
Community / Development
  • Number Of Units: 14
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $287,787
  • Net Operating Income: $173,659.00
  • Gross Income: $296,688
  • Cap Rate: 3.68%
  • Gross Rent Multiplier: $16.85
  • Actual Annual Gross Rent: $290,688.00
  • Vacancy Allow Dollar: $8,901.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 114129
Land / Lot Info
Land / Lot Info
  • Alternate Street Name: Montrose Ave
  • Additional Parcel Number: Yes
  • Alley: Yes
  • Lot Acreage: 0.2384
  • Lot Size Square Feet: 20890
  • Lot Location: Cul-De-Sac
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 28
  • Covered Parking: 28
  • Parking Features: Covered
Interior Features
Interior Features
  • Rooms: Patio Open
  • Levels: Two
  • Fireplace Features: Living Room
  • Fireplace Rooms: Gas and Wood, Living Room
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Other, Central
  • Heating: Central
  • Heating Type: Central, Other
  • Equipment: Other
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • Patio Features: Enclosed, Other - See Remarks
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-26-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,737.00
  • Unit Actual Rent: $22,581.00
  • Unit Projected Rent: $35,750.00
  • Like Units: 13
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,643.00
  • Unit Actual Rent: $1,643.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $585,450.00
  • Assessed Improvement Percent: 80.82
  • Assessed Land Value: $138,977.00
  • Assessed Land Percent: 19.18
  • Assessed Total Value: $724,427.00

Property History for 2310 Del Mar Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2310 Del Mar Road

Taxable ValueLand$141,756Additions$597,159Total$738,915
Tax Record2024$10,620 ($885 / month)
Home Facts
Total Finished SqFt8,528 SqFtAbove Grade Finished SqFt8,528 SqFtLot Size10,382 SqFtStyleMulti-Family Res (5+ Units)Year Built1984ZoningLCR3*CountyLOS ANGELESAPN5807-002-058

Schools near 2310 Del Mar Road

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.

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2310 Del Mar Road is a multi-family home for sale in Montrose, CA 91020. This property was listed for sale on August 26, 2024 by Remax Commercial and Investment Realty, it's currently listed at $5,000,000. This listing's school district is Glendale Unified School District. Nearby schools include John C. Fremont Elementary School, Rosemont Middle School and Crescenta Valley High School. 2310 Del Mar Road is a 28-bed, 14-bath, 13,263 sqft multi-family home built in 1984.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Remax Commercial and Investment Realty, Shant Sherbetdjian, DRE #01713570

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.