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Listed by Arthur Chalekian, DRE #01982432 • Equity Union
$ 2,595,000
Est. payment /mo
New
2520 Montrose AVE Montrose, CA 91020
10,303 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD26136915
Year Built 1947
Lot Size 10,303 Sqft
Source California Regional MLS
Property Description
2520 Montrose Ave, Montrose, CA 91020 - Rare Value-Add Multifamily with Assumable Low-Rate Financing 3.64% Exceptional investment opportunity in tightly held Montrose. Charming 1947 3-structure property on a large 10,303 sq ft lot (LCR3 zoning, APN 5807-016-046) offers timeless architecture, strong income, and major upside. Blocks from Honolulu Ave shops/dining. Appx 5,502 sq ft (buyer verify), 11 units (mostly 1BD/1BA + 2BD owner's w/ patio/garage). 8 parking, master metered. Proven Income + Huge Upside: Current 2026 rent roll: $17,177/mo ($206,124 annually). Vacant Unit gutted basement projected at $2,000/mo Stabilized Gross: Appx. $230,124/year. GRM at $2,595,000 list: 11.28 (excellent for value-add). Game-Changing Financing: Huge opportunity to assume existing loan at 3.64% (through November 2028). Creates significant positive cash flow from day one while executing value-add and ADU conversions-locking in low-cost capital in today's rate environment. Massive Growth Potential: ADUs: Up to 3 additional units via conversions of existing space (basement + subdivided areas) per CA/LA County rules. Large lot supports future condo development/density. Upgrade units for market rents + legalize non-conforming for transformative returns. Units lease fast here. Prem
Location
State CA
County Los Angeles
Area 635 - La Crescenta/Glendale Montrose & Annex
Interior
Heating Gas, Wall Furnace
Cooling Other, Window / Wall Unit
Flooring Laminate
Laundry Laundry Area
Exterior
Parking Features Carport , Covered Parking, Garage, Other, Parking Area
Garage Spaces 9.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 5807016046
Special Listing Condition Not Applicable
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