2463 Montrose Ave - Apartments FOR SALE


Montrose, CA 91020
$3,560,000 USD
818-547-6367
2463 Montrose Ave, Montrose, CA for Sale
$3,560,000 USD
Apartments - FOR SALE
1/7
null | 4.38% Cap Rate

2463 Montrose Ave
Montrose, CA 91020


HIGHLIGHTS

  • Nice sized apartments
  • Minutes from shopping, restaurants schools and freeways
  • High rental demand location

OVERVIEW

Great investment property located in Montrose, nestled just above the city of Glendale, just below the city of La Crescenta. This 8 unit building offers one (3) bedroom (2)bath unit, six (2) bedroom (1) bath units and one (1) bedroom (1) bath unit. High demand rental area because of the area and the size of the units. All units have wall heaters and wall A/C. Three bedroom unit has central A/C. All windows were updated. Well maintained over the years. Building has a laundry room which offers two side by side washers and a double stacked dryers. Machines are leased. Owner collects all the laundry income. Excellent schools, close proximity to markets, restaurants and shops. Walking distance to Honolulu Ave.

FOR SALE DETAILS

PRICE

$3,560,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

8

PRICE/UNIT

$445,000

CAP RATE

4.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,244 SF

ZONING

LCR3YY

APN/PARCEL ID

5807-015-055

ASK ABOUT THIS PROPERTY

Pakrad MarkarianRe/Max OptimaMore Info
818-547-6367

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Pakrad MarkarianRe/Max OptimaMore Info
818-547-6367

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.