NOT LISTED FOR SALE

2520 Montrose Ave Montrose, CA 91020

12 Beds
8 Baths
5,502 Sq Ft
10,303 Sq Ft Lot

Last Sold May 31, 2018

Last sale price $1,850,000 $336 Per Sq Ft

105 Days on Market

About This Home

As of May 2018

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.

Last Agent to Sell the Property

Darin Spillman

Kidder Mathews of California, Inc. License #01366902 Listed on: 02/05/2018

Last Buyer's Agent

Arthur Chalekian

License #01982432

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 10,303 Sq Ft Lot

Interior Spaces

  • 5,502 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • Attached Carport
  • Driveway

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 3 Buildings
  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 5807-016-046

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 5502
  • Stories: 2
  • Year Built: 1947
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Range/Oven
  • Price Per S Q F T: 463.47

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: Carport Attached, Covered Parking, Driveway, Garage - 1 Car
  • Total Parking: 8

Utilities

  • Cooling: Window Unit(s)
  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Value: 239581
  • Assessed Land Value: 66980
  • Assessor Parcel Number: 5807-016-046
  • Geocode Override: No
  • Lot Size Area: 10303

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 19.72
  • Number Of Units: 11
  • Total Annual Expense: 56454
  • Type Of Units: apt
  • Vacancy Rate: 0%

Range of Values:

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Average Value
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List Price
Sold 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
05/31/2018 05/31/18 Sold $1,850,000 -27.5% $336 / Sq Ft
05/21/2018 05/21/18 Pending -- -- --
03/22/2018 03/22/18 Price Changed $2,550,000 -22.7% $463 / Sq Ft
02/05/2018 02/05/18 For Sale $3,300,000 -- $600 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Darin Spillman

    Seller's Agent in 2018

    Darin Spillman

    Kidder Mathews of California, Inc.

    (310) 592-8269

    15 Total Sales

    Darin Spillman
    Section Image

  • A

    Buyer's Agent in 2018

    Arthur Chalekian

See All Agents

Map

Source: The MLS

MLS Number: 18-310246

The MLS
California Los Angeles County Montrose 91020

2520 Montrose Ave, Montrose, CA

This home is located at 2520 Montrose Ave, Montrose, CA 91020 since 05 February 2018. This property was built in 1947. 2520 Montrose Ave 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.

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