$4,610,000
SOLD JAN 31, 2025

2310 Del Mar Rd La Crescenta-Montrose, CA 91020

28 Beds
14 Baths
13,263 Sq Ft
0.48 Acres

Recently Sold

$348 Per Sq Ft

18% Below List Price

80 Days on Market

Highlights

  • Living Room with Fireplace
  • Cul-De-Sac
  • Laundry Room
  • John C. Fremont Elementary School Rated A-
  • Enclosed patio or porch
  • Central Heating and Cooling System

About This Home

As of January 2025

$600,000 PRICE IMPROVEMENT! Offered for sale for the first time in over 40 years since its original construction in 1984, this great investment opportunity features 14 spacious units, each offering 2 bedrooms and 1 bathroom. Situated on nearly 21,000 square feet of land across two lots, the building itself spans 13,263 square feet and is located in the highly desirable Montrose community, adjacent to La Canada. The property has numerous desirable features for each unit, including 2 covered parking spaces, enclosed balconies/patios, wood/gas fireplaces in the living rooms, and separate metering for gas and electricity. Thirteen of the fourteen units are equipped with central air and heating, and each unit has its own water heater. The property also presents significant rental upside potential, complemented by additional income from the on-site laundry facilities. A newer Class 'A' roof was installed in 2015, ensuring durability and reduced maintenance costs. Tenants enjoy the convenience of being within minutes of the historic Montrose Shopping Park, the retail corridor of Foothill Blvd, and easy access to the 210 Freeway. With a Walk Score of 82, the location is considered 'Very Walkable.' This property, located in Unincorporated Los Angeles County, is subject to rent control ordinances. It represents an excellent investment opportunity, ideal for both new investors and those looking for a 1031 exchange upleg. For more details, please inquire within.

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 08/26/2024

Remax Commercial and Investment Realty

Last Buyer's Agent

Arthur Mangassarian

License #00751703

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 20,890 Sq Ft Lot
  • Cul-De-Sac

Interior Spaces

  • 13,263 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 28 Bedrooms
  • 14 Bathrooms

Parking

  • 28 Parking Spaces
  • 28 Covered Spaces
  • Covered Parking

Additional Features

  • Enclosed patio or porch
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5807-002-058

Community Details

Overview

  • 2 Buildings
  • 14 Units

Building Details

  • Vacancy Allowance $8,901

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Alley: Yes
  • Living Area: 13263
  • Lot Acreage: 0.2384
  • Probate: No
  • Stories: 2
  • Year Built: 1984
  • Number Of Photos: 32
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Gas and Wood, Living Room
  • Bedrooms: 28
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 14.00
  • Den: 0
  • Inclusions: The sale of this property includes two parcels that are side-by-side, 5807-002-058 and 5807-002-059. The bed/bath count and building/lot square footage calculation in this listing refers to both lots combined in total.
  • Price Per S Q F T: 376.99

Exterior Features

  • Other Structures: None
  • Patio: Enclosed

Garage/Parking

  • Covered Parking: 28
  • Parking Garage: Covered Parking
  • Total Parking: 28

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Heaters: Yes

Schools

  • School District: Glendale Unified

Lot Info

  • Assessed Improvement Percent: 80.82
  • Assessed Improvement Value: 585450
  • Assessed Land Percent: 19.18
  • Assessed Land Value: 138977
  • Total Assessed Value: 724427
  • Assessor Parcel Number: 5807-002-058
  • Lot Location: Cul-De-Sac
  • Lot Size Area: 20890

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.85
  • Number Of Units: 14
  • Total Annual Expense: 114129
  • Type Of Units: Apartments
  • Vacancy Allow: 8901
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: None

MLS Schools

  • School District: Glendale Unified

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $4,610,000 -7.8% $348 / Sq Ft
11/14/2024 11/14/24 Pending -- -- --
09/17/2024 09/17/24 Price Changed $5,000,000 -10.7% $377 / Sq Ft
08/26/2024 08/26/24 For Sale $5,600,000 -- $422 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Shant Sherbetdjian

    Seller's Agent in 2025

    Shant Sherbetdjian

    RE/MAX

    (626) 657-8135

    1 in this area

    56 Total Sales

    Shant Sherbetdjian
    Section Image

  • A

    Buyer's Agent in 2025

    Arthur Mangassarian

See All Agents

Map

Source: The MLS

MLS Number: 24-431831

The MLS

California Los Angeles County La Crescenta-Montrose 91020

2310 Del Mar Rd, La Crescenta-Montrose, CA

This home is located at 2310 Del Mar Rd, La Crescenta-Montrose, CA 91020 and is currently priced at $4,610,000, approximately $347 per square foot. This property was built in 1984. 2310 Del Mar Rd is a home located in Los Angeles County with nearby schools including John C. Fremont Elementary School, Rosemont Middle School, and Crescenta Valley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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