Homes for sale - 2310 Del Mar Rd, Montrose, CA 91020

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Gregory Masi

gregory@gregorymasi.com +1(310) 488-4880

$ 5,000,000

Est. payment | -/mo

28 Beds

14 Baths

13,263 SqFt

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$ 5,000,000

Est. payment | -/mo

Save

28 Beds

14 Baths

13,263 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 13,263 sqft

Price per Sqft $376

MLS Listing ID 24-431831

Bedrooms 28

Year Built 1984

Lot Size 0.480 Acres

Acres 0.2384

Property Description

$600,000 PRICE IMPROVEMENT! Offered for sale for the first time in over 40 years since its original construction in 1984, this great investment opportunity features 14 spacious units, each offering 2 bedrooms and 1 bathroom. Situated on nearly 21,000 square feet of land across two lots, the building itself spans 13,263 square feet and is located in the highly desirable Montrose community, adjacent to La Canada. The property has numerous desirable features for each unit, including 2 covered parking spaces, enclosed balconies/patios, wood/gas fireplaces in the living rooms, and separate metering for gas and electricity. Thirteen of the fourteen units are equipped with central air and heating, and each unit has its own water heater. The property also presents significant rental upside potential, complemented by additional income from the on-site laundry facilities. A newer Class 'A' roof was installed in 2015, ensuring durability and reduced maintenance costs. Tenants enjoy the convenience of being within minutes of the historic Montrose Shopping Park, the retail corridor of Foothill Blvd, and easy access to the 210 Freeway. With a Walk Score of 82, the location is considered 'Very Walkable.' This property, located in Unincorporated Los Angeles County, is subject to rent control ordinances. It represents an excellent investment opportunity, ideal for both new investors and those looking for a 1031 exchange upleg. For more details, please inquire within.

Location

State CA

County Los Angeles

Area La Crescenta/Glendale/Montrose/Sparr Heights

Zoning LCR3*

Rooms

Other Rooms None

Dining Room 0

Interior

Heating Central, Other

Cooling Other, Central

Fireplaces Type Gas and Wood, Living Room

Inclusions The sale of this property includes two parcels that are side-by-side, 5807-002-058 and 5807-002-059. The bed/bath count and building/lot square footage calculation in this listing refers to both lots combined in total.

Equipment Other

Laundry Laundry Area

Exterior

Garage Covered Parking

Garage Spaces 28.0

Building

Story 2

Level or Stories Two

Schools

School District Glendale Unified

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Remax Commercial and Investment Realty

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Gregory Masi

REALTOR® | Lic# 1708321

gregory@gregorymasi.com

+1(310) 488-4880

11601 Wilshire Blvd., Suite 101 Los Angeles, CA

2310 Del Mar Rd Montrose, CA 91020

Gregory Masi

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2310 Del Mar Rd