Located at 2520 Montrose Avenue, Montrose, California, this exceptional multifamily asset presents a rare opportunity to acquire a character-rich income property in one of the San Gabriel Valley’s most desirable and supply-constrained rental markets. Situated just blocks from the vibrant Honolulu Avenue shopping and dining district, the property combines immediate cash flow, assumable low-rate financing, and significant long-term value-add potential. Originally constructed in 1947, the property consists of three separate residential structures totaling approximately 5,502 square feet on a large 10,303-square-foot LCR3-zoned lot. The community comprises 11 units, including ten one-bedroom/one-bath residences and one larger two-bedroom owner’s unit featuring a private patio and garage. The property benefits from eight on-site parking spaces, master-metered utilities, and the advantage of being located in an unincorporated area of Los Angeles County that is not subject to traditional rent control restrictions Montrose remains one of the most sought-after residential communities in the foothills of Los Angeles County. Residents enjoy a unique small-town atmosphere centered around Honolulu Avenue, known for its boutique shopping, local restaurants, cafés, community events, and weekly farmers market. The neighborhood offers convenient access to Glendale, Pasadena, Burbank, Downtown Los Angeles, and the 210 Freeway while maintaining a charming, community-oriented environment.