Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

10

Building size

7,564 sqft

Lot size

27,047 sqft

Year built

1964

Stories

2

Garage spaces

0

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

View

Mountain(s)

Status

Active

Days on market

0

MLS #

249079201

About this property

Montrose Apartments, is a unique 10-unit multifamily investment located in the Montrose-La Crescenta area of Glendale. The property has been family owned and operated for over 60 years and sits on over 27,000 sq.ft of land. This is part of a portfolio of 3 different properties with the other two located at 2400 Fairway Ave.(16-Cottages) and 2201 Mira Vista Ave.(15-Units). 2834 Montrose Ave is also SFR located on the parcel adjacent and is for sale. It is rare that properties of this caliber and location comes the market. These is a true generational assets available to an investor looking for value add in irreplaceable locations. The subject property consists of a 5-unit apartment building and 5 individual cottages. The 5 unit apartment building consists of (3) one bedroom one bath units, and (2) two bedroom one bath units. All units have either a private balcony or patio with views of the mountains. The 5 units share an onsite laundry facility. The 5 individual cottages each have their own large private backyard. Three units have washer/dryer hookups. The Montrose Apartments have had extensive renovation over the past 5 years. PLEASE DO NOT GO ON PROPERTIES AND DISTURB TENANTS.

Location

2830 Montrose Avenue

La Crescenta, Los Angeles, CA, 91214