Active

2520 Montrose Avenue

Montrose, CA 91020

$2,595,000 $10,940/Mo

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Overview

Bed

Bath

5,502

Sqft

10,303

Sqft(Lot)

Description

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!

Property Details

Property Type : Residential Income

Price : $2,595,000

AD Id : 85765064

MLS Id : GD26136915

Lot Size : 10,303 Sqft

Living Area Size : 5,502

Year Built : 1947

Garage : 1

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Interior Features: Ceiling Fan(s) Flooring: Laminate
Cooling Features

Dual,Wall/Window Unit(s) Air Conditioning

Heating Source

Natural Gas,Wall Furnace Has Heating

Building Information

Year Built: 1947 Building Area Total: 5,502 Has Basement
Pool Features

None

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2365
Lot Size Source: Public Records Lot Size Square Feet: 10303

Listing Price Information

Original List Price: 2,595,000 Listing Contract Date: 2026-06-12
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5807016046

Garage and Parking

Garage Description: Attached Carport,Covered,Direct Access,Door-Single,Driveway,Garage,One Space

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: 635 - La Crescenta/Glendale Montrose & Annex Postal Code Plus 4: 1452 Directions: Cross Streets: Between Rosemont Ave and Florencita Dr W Zoning: LCR3YY Source Property Type: Residential Income Area: 635 - La Crescenta/Glendale Montrose & Annex Property SubType: Mixed Use
Building and Construction

Property Age: 79 Common Walls: 1 Common Wall Structure Type: Mixed Use Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: One Building Total Stories: 1

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
2215 Crescent Avenue, Montrose, CA, 91020	$1,099,999	3	2	1,454	1,454 SqFt
4439 Ocean View Boulevard, Montrose, CA, 91020	$5,900,000	26	--	16,338	16,338 SqFt
4444 Rosemont Avenue, Montrose, CA, 91020	$1,100,000	2	1	1,044	1,044 SqFt

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ByOwner last updated this listing 06/25/2026 @ 11:40

MLS: GD26136915 LISTED BY: Arthur Chalekian, Equity Union 818-989-2000 SOURCE: CRMLS