Skip To Content

2310 Montrose Avenue

Montrose, CA 91020
  • $2,495,000
  • STATUS: Active Under Contract
  • ON SITE: 77 Days
  • MLS #: P1-12350
Under Contract
UPDATED: 124 min ago
$2,495,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1985
County:

School Ratings & Info

Listing Agent(s): Vince Kalachian of Keller Williams Realty ((626) 204-3300) and Melina Kalachian of Keller Williams Realty((626) 204-3300)


Description

A rare opportunity to purchase 5 units multifamily investment property located in prime Montrose location.Built in 1939 front house and 1985 back 4 units, the building has an exceptional unit mix of (1) 2+1 front house, (2) 2+2, (2) 3+2, situated on a +/-8,665 SF of land. The property features spacious and updated units, +/-5,156 SF building size, central A/C and heating, balconies, fireplaces and 10 covered car parking spaces.The property is in pristine condition and has a great curb appeal, separate gas and electric meters and copper plumbing.It's located in a much desired prime rental location, walking distance to Old Town Montrose Village attractions. View attached marketing brochure.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-31T00:28:44.623. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/136024773
Print Image

2310 Montrose Avenue Montrose, CA 91020

  • Price: $2,495,000
  • Status: Active Under Contract
  • On Site: 77 Days
  • Updated: 124 min ago
  • MLS #: P1-12350
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1985
Built
Neighborhood:
Not Applicable
County:
Los Angeles
Property Description
A rare opportunity to purchase 5 units multifamily investment property located in prime Montrose location.Built in 1939 front house and 1985 back 4 units, the building has an exceptional unit mix of (1) 2+1 front house, (2) 2+2, (2) 3+2, situated on a +/-8,665 SF of land. The property features spacious and updated units, +/-5,156 SF building size, central A/C and heating, balconies, fireplaces and 10 covered car parking spaces.The property is in pristine condition and has a great curb appeal, separate gas and electric meters and copper plumbing.It's located in a much desired prime rental location, walking distance to Old Town Montrose Village attractions. View attached marketing brochure.
Exterior Features

Lot Features Sprinklers None Number Of Separate Electric Meters 6 Parking Features Covered Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace YN Yes Heating Central Heating YN Yes

Property Features

Association Fee 0 Cap Rate 4.4 Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 153096 Gross Scheduled Income 150576 Insurance Expense 2047 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 1800 Net Operating Income 108681 New Taxes Expense 29940 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 41403 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Trash Expense 2880 Vacancy Allowance 2 Water Sewer Expense 3776



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-03-31T00:28:44.623. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370805817-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370805817-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370805817-1.jpg
Logo
The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Vince Kalachian of Keller Williams Realty ((626) 204-3300) and Melina Kalachian of Keller Williams Realty((626) 204-3300)