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About the Listing G8510 - G165113748
2520 Montrose Ave, Montrose, CA 91020 – Rare Value-Add Multifamily with Assumable Low-Rate Financing 3.64% Exceptional investment opportunity in tightly held Montrose. Charming 1947 3-structure property on a large 10,303 sq ft lot (LCR3 zoning, APN 5807-016-046) offers timeless architecture, strong income, and major upside. Blocks from Honolulu Ave shops/dining. Appx 5,502 sq ft (buyer verify), 11 units (mostly 1BD/1BA + 2BD owner’s w/ patio/garage). 8 parking, master metered. Proven Income + Huge Upside: Current 2026 rent roll: $17,177/mo ($206,124 annually). Vacant Unit gutted basement projected at $2,000/mo Stabilized Gross: Appx. $230,124/year. GRM at $2,595,000 list: 11.28 (excellent for value-add). Game-Changing Financing: Huge opportunity to assume existing loan at 3.64% (through November 2028). Creates significant positive cash flow from day one while executing value-add and ADU conversions—locking in low-cost capital in today’s rate environment. Massive Growth Potential: ADUs: Up to 3 additional units via conversions of existing space (basement + subdivided areas) per CA/LA County rules. Large lot supports future condo development/density. Upgrade units for market rents + legalize non-conforming for transformative returns. Units lease fast here. Premier Location & Schools: Top-rated Glendale Unified (Crescenta Valley HS A+, excellent elementaries). Perfect for families/long-term tenants. Amazing Opportunity at $2,595,000: Immediate cash flow via assumable low-rate loan, rapid leasing, beautiful architecture, and layered upside rarely found in Montrose. Buyer verify all. Contact for tour, rent roll, pro forma, loan assumption details & ADU plan. Move fast—this won’t last!
Listing Highlights
Status
Active
Days on Site
12
Property Type
Multi-Family
MLS ®
GD26136915
Year Built
1947
Total Square Footage
5,502
Lot/Acreage
0.24
County
Los Angeles
Neighborhood
Not Applicable-105
Interior Details
- Bedrooms: 12
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Dual,Wall/Window Unit(s)
- Heating: Natural Gas,Wall Furnace
- Fireplaces:
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s)
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 1 car
- Parking Spaces: 9
- Zoning: LCR3YY
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Attached Carport,Covered,Direct Access,Door-Single,Driveway,Garage,One Space
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5807016046
- Tax Year: N/A
Payment Calculator
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Questions About..
2520 Montrose Ave Montrose, CA 91020
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