2754 Montrose Ave - Apartments FOR SALE


Montrose, CA 91020
$3,200,000 USD
818-606-6161
2754 Montrose Ave, Montrose, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/15
null | 5.5% Cap Rate

2754 Montrose Ave
Montrose, CA 91020


OVERVIEW

Prime Montrose location on a massive 16,000+ square foot lot!. This property offers a high 5.5% cap rate with below market rents. Most units have been remodeled, including new kitchen cabinets, appliances, bathrooms, flooring, new windows, etc. A non-conforming 1 bedroom is also included which has been rented for the past 5 years. The property features a swimming pool, community laundry owned by the building, and there is potential to add 1 or more ADU units.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

10

PRICE/UNIT

$320,000

CAP RATE

5.5%

% 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

10

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,052 SF

ZONING

C2, Glendale

APN/PARCEL ID

5610-022-033

ASK ABOUT THIS PROPERTY

Ara YessaianPark Place Properties IncMore Info
818-606-6161

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Ara YessaianPark Place Properties IncMore Info
818-606-6161

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