2520 Montrose Avenue, Montrose, CA 91020

Montrose
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
2520 Montrose Avenue,Montrose, CA 91020
$2,595,000
  • - Beds
  • - Baths
  • 5,502 sq. ft.
  • Multi-family
  • Active
Listed by: arthur chalekian
Office: equity union818-989-2000
MLS#:GD26136915
Source:CRMLS

Price summary

  • Price:$2,595,000
  • Price per sq. ft.:$471.65

About this home

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...

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Home facts

  • Year built:1947
  • Listing ID #:GD26136915
  • Added:5 day(s) ago
  • Updated:June 29, 2026 at 01:44 PM

Rooms and interior

  • Flooring:Laminate
  • Basement:Yes
  • Living area:5,502 sq. ft.

Heating and cooling

  • Cooling:Dual, Wall Window Units
  • Heating:Natural Gas, Wall Furnace

Structure and exterior

  • Year built:1947
  • Building area:5,502 sq. ft.
  • Lot area:0.24 Acres
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,595,000
  • Price per sq. ft.:$471.65

Features and amenities

  • Laundry features:Common Area
  • Amenities:Ceiling Fans

Parking

  • Total parking spaces:9
  • Parking description:2 Carport Space(s), Attached Carport, Covered, Direct Access, Door Single, Driveway, Garage, One Space
  • Garage:Yes
  • Garage spaces:1
  • Carport spaces:2
Based on information from California Regional Multiple Listing Service, Inc. as of June 29, 2026 . 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. 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.

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