Great investment property located in Montrose, nestled just above the city of Glendale, just below the city of La Crescenta. This 8 unit building offers one (3) bedroom (2)bath unit, six (2) bedroom (1) bath units and one (1) bedroom (1) bath unit. High demand rental area because of the area and the size of the units. All units have wall heaters and wall A/C. Three bedroom unit has central A/C. All windows were updated. Well maintained over the years. Building has a laundry room which offers two side by side washers and a double stacked dryers. Machines are leased. Owner collects all the laundry income. Excellent schools, close proximity to markets, restaurants and shops. Walking distance to Honolulu Ave.
Sold for $3,200,000 on 08/18/25
Listing Provided by:
Pakrad Markarian DRE #00952259 818-207-9999,
Remax Optima
$3,200,000
2463 Montrose Ave, Montrose, CA 91020
16beds
9baths
7,924sqft
Multi Family
Built in 1962
-- sqft lot
$3,432,400 Zestimate®
$404/sqft
$2,576 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 19, 2025 at 11:42am
Listing Provided by:
Pakrad Markarian DRE #00952259 818-207-9999,
Remax Optima
Bought with:
Hovik Avanessian, DRE #00994852
Remax Optima
Source: CRMLS,MLS#: GD25113809
Originating MLS: California Regional MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 9
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 7,924
- Total interior livable area: 7,924 sqft
Property
Parking
- Total spaces: 12
- Parking features: Carport, One Space
- Carport spaces: 11
- Uncovered spaces: 1
Features
- Entry location: Front
- Pool features: None
Lot
- Size: 9,334 sqft
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5807015055
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Montrose
HOA & financial
Other financial information
- Total actual rent: 17365
Other
Other facts
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange
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Estimated market value
$3,432,400