$1,850,000
$2,550,000
27.5%For more information regarding the value of a property, please contact us for a free consultation.
2520 MONTROSE AVE Montrose, CA 91020
10,301 Sqft Lot
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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Bought with Arthur Chalekian • Coldwell Banker C&C Properties