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Multifamily

2300 Montrose Ave

2300 Montrose Ave, La Crescenta-Montrose, CA 91020

Listing Price: $5,175,000

Cap Rate
4.37%
Number of Units
15
GRM
14.88
Occupancy
97.0%
Price/Unit
$345,000
Price/Gross SF
$425.16
Gross SF
12,172

Investment Overview

We are pleased to present 2300 Montrose Ave, a corner lot opportunity located in prime Montrose, CA.

The fifteen-unit multifamily property includes on-site covered parking, on-site laundry facility, and provides immediate access to the 210 freeway, Burbank, Glendale, and Pasadena.

While, 2300 Montrose is mainly composed of two-bedroom units, the building retains a diversified mix of unit types. The unit mix consists of one (1) one bed/one bath, thirteen (13) two bed/one baths, and one (1) two bed/one bath townhome apartments.

Investment Highlights

  • Excellent Montrose Location; Adjacent To The Angeles National Forest
  • Ideally Situated With Immediate Accessibility To Pasadena, Glendale, And Burbank
  • 100% Occupied With Upside Potential
  • A Total of 24 Parking Spaces; 9 Tandems and 6 Single Spaces
  • Large On-Site Laundry Room (Owned by Property)
  • Well Maintained Property On Corner Lot

Exclusively Listed By

Listing Price: $5,175,000

Cap Rate
4.37%
Number of Units
15
GRM
14.88
Occupancy
97.0%
Price/Unit
$345,000
Price/Gross SF
$425.16
Gross SF
12,172

Investment Highlights

  • Excellent Montrose Location; Adjacent To The Angeles National Forest
  • Ideally Situated With Immediate Accessibility To Pasadena, Glendale, And Burbank
  • 100% Occupied With Upside Potential
  • A Total of 24 Parking Spaces; 9 Tandems and 6 Single Spaces
  • Large On-Site Laundry Room (Owned by Property)
  • Well Maintained Property On Corner Lot

Investment Overview

We are pleased to present 2300 Montrose Ave, a corner lot opportunity located in prime Montrose, CA.

The fifteen-unit multifamily property includes on-site covered parking, on-site laundry facility, and provides immediate access to the 210 freeway, Burbank, Glendale, and Pasadena.

While, 2300 Montrose is mainly composed of two-bedroom units, the building retains a diversified mix of unit types. The unit mix consists of one (1) one bed/one bath, thirteen (13) two bed/one baths, and one (1) two bed/one bath townhome apartments.

Exclusively Listed By

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