2310 Montrose Ave

Montrose, ca

 
 
 
 
 

5

UNITS

$407.29

PRICE/SF

$420,000

PRICE/UNIT

2.57%

CAP

21.88

GRM

5.6%

PRO FORMA CAP

12.77

PRO FORMA GRM
 

Marcus & Millichap is proud to present 5 units located at 2310 Montrose Avenue in Montrose, California. The offering sits on 8,664 square feet of land with 5,156 square feet of rentable area and consists of 2- two bed / two bath, 2- three bed / two bath units and 1- two bed / one bath house. The front house is built in 1939 and the four units in back are built in 1985.

The property has undergone recent renovations and features: new roof (front house and mansard perimeter of back building), completely renovated front house (approx. 2011) and unit #1 (approx. 2014), copper plumbing throughout, ABS plastic drain and main lines, central heating/air, new HVAC for units #3 and #4 (2019). new water heaters in units #2 and #3 (2019), new on demand water heater in front house (2020), landlord owned laundry room with coin-op washer/dryer, etc.

Montrose is bordered by Glendale to the south and west, La Canada Flintridge to the east, and Angeles National Forest to the north. The asset is proximate to world class dining, shopping and entertainment in The Americana at Brand and Pasadena’s Old Town.

The property offers an investor the rare opportunity to own a low maintenance asset with significant upside in rents in a prime Montrose location.

 

 
 
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Glen Scher

Vice President

O: (818) 212-2808

M: (818) 667-6683

Email Now

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Filip Niculete

Vice President

O: (818) 212-2748

M: (818) 577-9893

Email Now