2520 Montrose Avenue

Montrose, CA 91020

$1,850,000
Last Sold Price
12
Beds
8
Baths
5,502 Sq. Ft.
$336 / Sq. Ft.
5,502
Sq. Ft.
$336
per Sq. Ft.

Description

23% Price Reduction. Seller is motivated! Located in Montrose, CA and within 3 blocks of Honolulu Avenue and downtown Montrose's unique small-town atmosphere that includes shopping, dining, and a strong sense of community. The property consists of 3 structures on one parcel. There are 11 units, of which ten are 1 bedroom 1 bath units and one is a 2 bedroom 1 bath owner's unit, with private patio and one-car garage. (Buyer to verify all square footages and conforming units). Situated on a 10,303 square...23% Price Reduction. Seller is motivated! Located in Montrose, CA and within 3 blocks of Honolulu Avenue and downtown Montrose's unique small-town atmosphere that includes shopping, dining, and a strong sense of community. The property consists of 3 structures on one parcel. There are 11 units, of which ten are 1 bedroom 1 bath units and one is a 2 bedroom 1 bath owner's unit, with private patio and one-car garage. (Buyer to verify all square footages and conforming units). Situated on a 10,303 square foot lot with LCR3 zoning, there may be future development potential for the asset. The property is situated in an unincorporated area of L. A. County, without the limitations of rent control. There are 8 parking spaces. Units are master metered for all utilities. The property has many strengths: excellent location, decent lot size, and no rent control. Tremendous "value-add" potential exists for an investor to upgrade the units and raise rents to market.
  1. Listed by Darin Spillman • DRE #01366902 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 2520 Montrose Avenue

Zoning
LCR3YY
Parcel Number
5807016046
Total Units
11.0
Living Area
5502
Source Living Area
Appraiser
Area
La Crescenta/Glendale/Montrose/Sparr Heights (635)
Vacancy Rate
0%
Lot Size Area
10303

Location

Listing Courtesy of Kidder Mathews of California, Inc., Darin Spillman, DRE #01366902

Sold By JohnHart Real Estate, Arthur Chalekian, DRE #01982432

Add your commute
LISTING UPDATED: 07/29/2022 12:51 PM

Property Details for 2520 Montrose Avenue

StatusSold
MLS #18-310246
Days on Market105
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.24 AC / 10,303 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Darin Spillman, DRE #01366902

Sold By JohnHart Real Estate, Arthur Chalekian, DRE #01982432

Add your commute

Building Information for 2520 Montrose Avenue

Stories2Residences-Year Built1947Building Size-Lot Size0.24 AC / 10,303 SF

Payment Calculator

$12,034 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$1,938

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2520 Montrose Avenue

Community / Development
Community / Development
  • Number Of Units: 11
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: apt
Contract Info
Contract Info
  • 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: $129,310
  • Net Operating Income: $72,765.00
  • Gross Income: $121,056
  • Gross Rent Multiplier: $19.72
  • Total Annual Expense: 56454
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Size Square Feet: 10303
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Carport Attached, Covered Parking, Driveway, Garage - 1 Car
  • Total Parking: 8
  • Parking Features: Attached Carport, Covered, Driveway, Garage - Single Door
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Window Unit(s)
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 02-05-2018
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,013.00
  • Unit Actual Rent: $1,013.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $905.00
  • Unit Actual Rent: $9,070.00
  • Unit Projected Rent: $15,000.00
  • Like Units: 10
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $239,581.00
  • Assessed Land Value: $66,980.00

Property History for 2520 Montrose 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 2520 Montrose Avenue

Taxable ValueLand$1,093,645Additions$929,598Total$2,023,243
Tax Record2023$23,258 ($1,938 / month)
Home Facts
Total Finished SqFt5,100 SqFtAbove Grade Finished SqFt5,100 SqFtLot Size10,224 SqFtStyleMulti-Family Res (5+ Units)Year Built1947ZoningLCR3YYCountyLOS ANGELESAPN5807-016-046

Schools near 2520 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.

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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 Kidder Mathews of California, Inc., Darin Spillman, DRE #01366902

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.