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

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