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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

    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.

    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#: GD25113809MLS LogoOriginating 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