Pending
2310 Del Mar Rd
Montrose CA, 91020
$5,000,000
$376.99 per sqft
Pending
28 Beds
14 Baths
13,263 sqft
Multi-family
Built in 1984
$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.
24-431831
MLSⓇ ID
August 26, 2024
Listed
December 9, 2024
Updated
Map
2310 Del Mar Rd
Montrose CA, 91020
Interior Features
Total Stories
2
Bedrooms
28
Total Bathrooms
14
Appliances
Other
Laundry Description
Laundry Area
Fireplace
Yes
Fireplace Description
Gas and Wood, Living Room
Cooling
Yes
Cooling Description
Other, Central
Heating
Yes
Heating Description
Central, Other
Exterior/Building Features
Lot Size
0.48 Acres
School Information
School District
Glendale Unified
Other Property Details
Area Name
La Crescenta/Glendale/Montrose/Sparr Heights
Days on Market
80
Garage
No
Parking
Covered Parking
Parking Total
28
View
No
County
Los Angeles
Pool
No
Zoning
LCR3*
Listing History
Date | Event | Price |
---|---|---|
12/9/2024 | Pending | — |
11/14/2024 | Under contract | — |
9/17/2024 | Price change | $5,000,000 -11% |
Listed by Shant Sherbetdjian with Remax Commercial and Investment Realty
Listing Contact: 626-657-8150
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Trevino Properties Inc. | CA DRE# 01324975 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 12/9/2024