2520 Montrose AVE Montrose, CA 91020
10,301 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Not Applicable-105
MLS Listing ID GD26136915
HOA Y/N No
Year Built 1947
Lot Size 10,301 Sqft
Property Sub-Type Mixed Use
Property Description
Exceptional investment opportunity in tightly held Montrose. Charming 1947 3-structure property on a large 10,303 sq ft lot (LCR3 zoning, APN 5807-016-046) offers timeless architecture, strong income, and major upside. Blocks from Honolulu Ave shops/dining.
Appx 5,502 sq ft (buyer verify), 11 units (mostly 1BD/1BA + 2BD owner's w/ patio/garage). 8 parking, master metered.
Proven Income + Huge Upside:
Current 2026 rent roll: $17,177/mo ($206,124 annually).
Vacant Unit gutted basement projected at $2,000/mo Stabilized Gross: Appx. $230,124/year.
GRM at $2,595,000 list: 11.28 (excellent for value-add).
Game-Changing Financing: Huge opportunity to assume existing loan at 3.64% (through November 2028). Creates significant positive cash flow from day one while executing value-add and ADU conversions—locking in low-cost capital in today's rate environment.
Massive Growth Potential:
ADUs: Up to 3 additional units via conversions of existing space (basement + subdivided areas) per CA/LA County rules.
Large lot supports future condo development/density.
Upgrade units for market rents + legalize non-conforming for transformative returns. Units lease fast here.
Premier Location & Schools: Top-rated Glendale Unified (Crescenta Valley HS A+, excellent elementaries). Perfect for families/long-term tenants.
Amazing Opportunity at $2,595,000: Immediate cash flow via assumable low-rate loan, rapid leasing, beautiful architecture, and layered upside rarely found in Montrose. Buyer verify all.
Contact for tour, rent roll, pro forma, loan assumption details & ADU plan. Move fast—this won't last!
Location
State CA
County Los Angeles
Area 635 - La Crescenta/Glendale Montrose & Annex
Zoning LCR3YY
Interior
Interior Features Ceiling Fan(s)
Heating Natural Gas, Wall Furnace
Cooling Dual, Wall/Window Unit(s)
Flooring Laminate
Fireplace No
Laundry Common Area
Exterior
Parking Features Attached Carport, Covered, Direct Access, Door-Single, Driveway, Garage, One Space
Garage Spaces 1.0
Carport Spaces 2
Garage Description 1.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 9
Private Pool No
Building
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5807016046
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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