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    2520 Montrose Avenue

    Montrose, CA 91020
    • $2,845,000
    • STATUS: Active
    • ON SITE: 156 days
    • ID#: 320001620
    UPDATED: 42 min ago
    $2,845,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,502
      SQFT
    • $517
      $/SQFT

    School Ratings & Info

    Description

    Located in Montrose, CA within 3 blocks from Downtown Montrose Honolulu Ave Shopping. The property consists of 3 separate structures on one parcel. Two fourplexes and a triplex. 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. Situated on a 10,303 sq. ft. LCR3 zoned lot with future development opportunity. Property has tremendous value add opportunities by upgrading units and raising rents to market. $187,008 Gross Income 15.2 X GRM *** Lowest GRM in Glendale/Montrose/La Cresenta Area

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-31T14:33:16.833. 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 Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/106263875
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    2520 Montrose Avenue Montrose, CA 91020

    • Price: $2,845,000
    • Status: Active
    • Updated: 42 min ago
    • ID#: 320001620
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    5,502
    SQFT
    $517
    $/SQFT
    1947
    Built
    Neighborhood:
    635 - La Crescenta/Glendale Montrose & Annex
    County:
    Los Angeles
    Area:
    635 - La Crescenta/Glendale Montrose & Annex
    Property Description
    Located in Montrose, CA within 3 blocks from Downtown Montrose Honolulu Ave Shopping. The property consists of 3 separate structures on one parcel. Two fourplexes and a triplex. 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. Situated on a 10,303 sq. ft. LCR3 zoned lot with future development opportunity. Property has tremendous value add opportunities by upgrading units and raising rents to market. $187,008 Gross Income 15.2 X GRM *** Lowest GRM in Glendale/Montrose/La Cresenta Area
    Exterior Features

    Carport Spaces 0.00 Garage Spaces 1.00 Lot Features Sprinklers On Side Lot Size Source Assessor Lot Size Units Square Feet Parking Features DrivewayCoveredGarage - Single DoorParking SpaceAttached Carport Parking Total 1.00 Parking YN Yes Pool Private YN No Spa YN No View YN No

    Interior Features

    Appliances Gas CookingOvenCounter TopRange Appliances YN Yes Average Studio Area 0 Average1 Bed Area 0 Average2 Bed Area 0 Average3 Bed Area 0 Cooling Wall/Window Unit(S)Dual Cooling YN Yes Door Features Sliding Doors Fireplace YN No Flooring Laminate Heating Wall FurnaceNatural Gas Heating YN Yes Laundry Features Common Area Levels One Room Type Living RoomBasement

    Property Features

    Association Fee 0.00 Association YN No Cable Tv Expense 0.00 Cap Rate 4.27 Community Features SidewalksStreet Lights Country Us Electric Expense 0.00 Fuel Expense 0.00 Furniture Replacement Expense 0.00 Garage Income 0.00 Gross Equity 0 Gross Income 0.00 Gross Multiplier 15.20 Gross Operating Income 0.00 Gross Scheduled Income 187008.00 Gross Spendable Income 0.00 Improvements Amount 0 Improvements Percent 0.00 Insurance Expense 0.00 Land Lease Amount 0.00 Land Value 0 Land Value Percent 0.00 Laundry Income 0.00 Laundry YN Yes Licenses Expense 0.00 Maintenance Expense 0.00 Maintenance Percent 0.00 Net Operating Income 121555.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 11 Number Wall AC 0 Number With Carpet 0 Number With Dishwasher 0 Number With Disposal 0 Number With Drapes 0 Number With Patio 0 Number With Range 0 Number With Refrigerator 0 Operating Expense 65450.00 Operating Expense Percent 0.00 Other Expense 0.00 Other Income1 0.00 Other Income2 0.00 Personal Property Amount 0 Personal Property Percent 0.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Security Expense 0.00 Sewer Unknown Sold Cap Rate 0.00 Special Listing Conditions Standard Supplies Expense 0.00 Tax Rate 0.00 Taxes Percent 0.00 Total Actual Rent 0.00 Total Expenses 0.00 Trash Expense 0.00 Vacancy Allowance 0 Vacancy Allowance Rate 0.00 Walk Score 0 Water Sewer Expense 0.00 Water Source Public Workmans Compensation Expense 0.00 Zoning Lcr3yy

    Listing provided courtesy of Arthur Chalekian of Johnhart Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-31T14:33:16.833. 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 Keller Williams Realty. Licensed in the State of California, USA.

     
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