2520 MONTROSE Avenue

Montrose, CA 91020

$1,850,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $463 / sqft

1947

calendar_month Built

Property Description

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.

Listing Information

Close Price $1,850,000
Close Date Thursday, May 31st, 2018
Status Closed
MLS 18310246
Type Residential Income
Year Built 1947
Lot Size 10,303
Structure Size N/A
DOM 105
Courtesy Of Kidder Mathews of California, Inc.
Listing Agent Darin Spillman DRE#01366902

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Darin Spillman, Kidder Mathews of California, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jul 29th, 2022 at 1:18 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.