Montrose, CA 91020,2520 MONTROSE AVE

$1,850,000

Est. payment /mo

$2,550,000

27.5%
Est.Price: ?

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2520 MONTROSE AVE Montrose, CA 91020

10,301 Sqft Lot

SOLD DATE : 05/31/2018

Key Details

Sold Price $1,850,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 18310246

Sold Date 05/31/18

HOA Y/N No

Year Built 1947

Lot Size 10,301 Sqft

Property 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 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.

Location

State CA

County Los Angeles

Area 635 - La Crescenta/Glendale Montrose & Annex

Zoning LCR3YY

Interior

Heating Natural Gas

Fireplace No

Exterior

Garage Attached Carport, Covered, Door-Single, Driveway, Garage

Parking Type Attached Carport, Covered, Door-Single, Driveway, Garage

Total Parking Spaces 8

Building

Story 2

New Construction No

Others

Senior Community No

Tax ID 5807016046

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Darin Spillman • Kidder Mathews of California, Inc.
Bought with Arthur Chalekian • Coldwell Banker C&C Properties

Tari Haberfield

Agent | SCKELLWILL01918524

+1(805) 234-6882

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