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    2520 Montrose Avenue

    Montrose, CA 91020
    • $2,845,000
    • STATUS: Active
    • ON SITE: 43 days
    • ID#: 320001620
    UPDATED: 50 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 CRISNet MLS as of 2020-07-10T20:56:15.417. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-07-10T20:56:15.417. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/106264352
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    2520 Montrose Avenue Montrose, CA 91020

    • Price: $2,845,000
    • Status: Active
    • Updated: 50 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 Levels One Lot Features Sprinklers On Side Lot Size Area 10303.0000 Number Of Rented Garages 0 Parking Features DrivewayCoveredGarage - Single DoorParking SpaceAttached Carport Parking Total 1.00 Parking YN Yes View YN No

    Interior Features

    Appliances Gas CookingOvenCounter TopRange Appliances YN Yes 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 Laundry YN Yes Room Type Living RoomBasement

    Property Features

    Association Fee 0.00 Association YN No Community Features SidewalksStreet Lights Electric Expense 0.00 Fuel 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 Laundry Income 0.00 Maintenance Expense 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 Operating Expense 65450.00 Operating Expense Percent 0.00 Pest Control Expense 0.00 Pool Expense 0.00 Pool Private YN No Professional Management Expense 0.00 Sewer Unknown Spa YN No Special Listing Conditions Standard Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Zoning Lcr3yy

    Listing provided courtesy of Arthur Chalekian, CA DRE# , of Johnhart Real Estate.


    Based on information from CRISNet MLS as of 2020-07-10T20:56:15.417. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-07-10T20:56:15.417. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Valencia CA, 91355