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2404 Montrose Avenue, Montrose
$2,795,000
GD26221623 MLS ⋅ Active Status
2404-2408 1/2 Montrose Avenue is an exceptional six unit multi-family property situated in the highly coveted foothill enclave of Montrose, California. Resting on an expansive 13,737 square foot parcel (sale includes two APNs) with 6,740 square feet of residential living space, the property features a two building architectural configuration. A prominent front building featuring the two story 3 bedroom / 3.5 bathroom completely remodeled Owner's Unit (Unit 2408) with a downstairs bedroom, central air and private laundry room and an attached single level 2 bedroom / 1 bathroom apartment (Unit 2408 1/2). Also on the property is a private rear two story complex comprised of four 2 bedroom /1 bathroom apartments (Units 2404, 2404 1/2, 2406, 2406 1/2), laundry room and carport parking with storage lockers. Recent major renovations include roof replacement, electrical wiring and panel upgrade, and rear stair reconstruction. Located within immediate proximity to the pedestrian friendly Montrose Shopping Park along Honolulu Avenue, Trader Joe's, and the 210 and 2 freeways. The property represents a low-maintenance foothill asset with sustained tenant appeal.

2404 Montrose Avenue, Montrose

2520 Montrose Avenue, Montrose
$2,595,000
GD26136915 MLS ⋅ Active Status
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!

2520 Montrose Avenue, Montrose

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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