2515 Manhattan Avenue

Montrose, CA 91020

$1,140,000
Last Sold Price
4
Beds
3.5
Baths
2,337 Sq. Ft.
$488 / Sq. Ft.
2,337
Sq. Ft.
$488
per Sq. Ft.

Description

Price improvement! Seller has identified replacement properties. Owner-occupied possibility. Nestled in the heart of highly the desirable Montrose, we are proud to present this EXCELLENT Triplex Residential Income Offering! This offering sits on a 7,651 sqft lot with 2,337 sqft of rentable area consisting of: (2517) a back unit detached renovated 1,113 sqft 2 Bed/1.5 Bath+Den house, Central Air/Heat, attached 2-car garage (w/washer/dryer hook-ups) & backyard; the other two units are attached with...Price improvement! Seller has identified replacement properties. Owner-occupied possibility. Nestled in the heart of highly the desirable Montrose, we are proud to present this EXCELLENT Triplex Residential Income Offering! This offering sits on a 7,651 sqft lot with 2,337 sqft of rentable area consisting of: (2517) a back unit detached renovated 1,113 sqft 2 Bed/1.5 Bath+Den house, Central Air/Heat, attached 2-car garage (w/washer/dryer hook-ups) & backyard; the other two units are attached with w/d hookups (no Central Air/Heat): front unit (2515) is a 616 sqft 1Bed/ 1 Bath/1 parking and has views of the Verdugo Mountains w/a very large patio area & the second unit (2515 1/2) is a 616 sqft 1 Bed/ 1 bath/1 parking and has its own private outside area. All units are occupied with ALL the tenants paying their rents throughout the pandemic. Tenants pays gas, electric and 3/4 of the water bill. TONS of Upside Rental Potential for this Prime Montrose Location! Located within a three-minute walk to Glendale's official Old Town the Montrose Shopping Park described as a slice of Hometown Americana, a beautiful tree-lined street on Honolulu Avenue that is a delight to stroll down with its variety of Mom and Pops Restaurants, Service shops, Boutiques, Clothing stores, Trader Joe's and the weekly Montrose Farmer's Market. Don't Miss Out on YOUR opportunity to own a R2 zoning Triplex in the unincorporated area of L. A. County with the potential of adding ADUs. Buyer to perform due diligence. Buyer to cooperate with Seller's 1031 Exchange and Seller HAS already identified replacement properties.
  1. Listed by Taunee English • DRE #01475921 • Brokerage DRE #01022642 • eXp Realty of California Inc

Property Details for 2515 Manhattan Avenue

Zoning
LCR2YY
Parcel Number
5807016024
Total Units
3.0
Living Area
2337
Source Living Area
Appraiser
Area
La Crescenta/Glendale/Montrose/Sparr Heights (635)
Vacancy Rate
0
Lot Size Area
7651

Location

Listing Courtesy of eXp Realty of California Inc, Taunee English, DRE #01475921

Sold By Keller Williams R. E. Services, Amelita Bautista, DRE #00820881

Add your commute
LISTING UPDATED: 09/29/2021 12:33 PM

Property Details for 2515 Manhattan Avenue

StatusSold
MLS #21-758788
Days on Market44
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.18 AC / 7,651 SF
CountyLos Angeles County

Location

Listing Courtesy of eXp Realty of California Inc, Taunee English, DRE #01475921

Sold By Keller Williams R. E. Services, Amelita Bautista, DRE #00820881

Add your commute

Virtual Tour

Building Information for 2515 Manhattan Avenue

Stories1Residences-Year Built1951Building Size-Lot Size0.18 AC / 7,651 SF

Payment Calculator

$7,327 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,221

Property Taxes

$1,106

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2515 Manhattan Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Professional Management: 4475.0
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 3
  • Type Of Units: Apartments
  • View: Yes
  • View Description: Mountains
  • View: Mountain(s)
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $63,258
  • Net Operating Income: $33,972.00
  • Gross Income: $63,258
  • Cap Rate: 3.00%
  • Gross Rent Multiplier: $21.43
  • Actual Annual Gross Rent: $60,654.00
  • Actual Gross Annual Income: $63,258
  • Other Income1: $2,604.00
  • Financial Info as Of: 12/31/2020
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 29286
  • Water Expense: $2,293.00
  • Trash Expense: $822.00
  • Other Expense: $8.00
  • Expense Pest: $1,410.00
  • Tax Expense: $9,840
  • Gardener Expense: $2,485
  • Insurance Expense: $1,641
  • Expense Operating: $99.00
  • Expense Supplies: $741.00
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Lot Acreage: 0.1756
  • Lot Size Square Feet: 7651
Parking Details
Parking Details
  • Parking Garage: Attached, Driveway
  • Total Parking: 4
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 2
  • Parking Features: Driveway
Interior Features
Interior Features
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling Type: Central, Wall/Window, Window Unit(s), Wall Unit(s)
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-09-2021
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity, Water
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,287.50
  • Unit Actual Rent: $1,287.50
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,150.00
  • Unit Actual Rent: $2,150.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number Patio: 3
  • Number Wall AC: 2
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $97,495.00
  • Assessed Improvement Percent: 11.28
  • Assessed Land Value: $767,025.00
  • Assessed Land Percent: 88.72
  • Assessed Total Value: $864,520.00

Property History for 2515 Manhattan Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2515 Manhattan Avenue

Taxable ValueLand$918,000Additions$245,320Total$1,163,320
Tax Record2023$13,277 ($1,106 / month)
Home Facts
Total Finished SqFt2,114 SqFtAbove Grade Finished SqFt2,114 SqFtLot Size7,653 SqFtStyleTriplexYear Built1951ZoningLCR2YYCountyLOS ANGELESAPN5807-016-024

Schools near 2515 Manhattan 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
La Crescenta 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 eXp Realty of California Inc, Taunee English, DRE #01475921

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.