4439 Ocean View Boulevard, Montrose, CA 91020

Montrose
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
4439 Ocean View Boulevard,Montrose, CA 91020
$5,900,000
  • 26 Beds
  • 20 Baths
  • 16,338 sq. ft.
  • Multi-family
  • Active
Listed by: roderick 'rick' raymundo
Office: marcus & millichap818-212-2700
MLS#:26827021
Source:CRMLS

Price summary

  • Price:$5,900,000
  • Price per sq. ft.:$361.12

About this home

Mid-sized multifamily properties rarely become available within the coveted La Crescenta-Montrose-La Canada corridor, with only six other properties with 20+ units having sold over the past 20 years. Nestled between the Verdugo Mountains and the San Gabriel Mountains, these small cities span nearly the entirety of developable land in the area, limiting the potential for construction of new, competing apartment properties. This, in turn, benefits the owners of existing multifamily properties, who enjoy higher rental demand as a result of these supply constraints. Attractively priced at a 5.27% CAP Rate while similar properties sold in the immediate area have averaged a 4.07% CAP Rate over the past year, the property provides immediate cash flow with an opportunity to further improve cash flow by recapturing the projected rent upside. The building contains mostly copper plumbing while the owner has already upgraded the main electrical panel and completed the seismic retrofit repairs,...

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Home facts

  • Year built:1962
  • Listing ID #:26827021
  • Added:8 day(s) ago
  • Updated:May 08, 2026 at 01:28 PM

Rooms and interior

  • Bedrooms:26
  • Total bathrooms:20
  • Living area:16,338 sq. ft.

Structure and exterior

  • Year built:1962
  • Building area:16,338 sq. ft.
  • Lot area:0.45 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$5,900,000
  • Price per sq. ft.:$361.12
Based on information from California Regional Multiple Listing Service, Inc. as of May 8, 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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