2520 MONTROSE AVE
Montrose, CA 91020
Sold for $1,850,000
Beds: 12 Baths: 8 Structure Size: 5,502 sqft Lot Size: 10,303 sqft
| MLS | 18310246 |
| Year Built | 1947 |
| Property Type | Residential Income |
| Property Subtype | MultiFamily |
| County | Los Angeles |
| Status | Sold |
| Sold | $1,850,000 |
| Structure Size | 5,502 sqft |
| Lot Size | 10,303 sqft |
| Beds | 12 |
| Baths | 8 |
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 courtesy of: Arthur Chalekian, JohnHart Real Estate *Based on information from the Association of REALTORS/Multiple Listing as of 04/25/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property may have been sold while Agent was with another brokerage, and may have represented the buyer in this transaction.
Location
Presented By
DRE #01873088
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