2520 Montrose Avenue,Montrose, CA 91020
Montrose, CA 91020
Description
2520 Montrose Ave, Montrose, CA 91020 - Rare Value-Add Multifamily with Assumable Low-Rate Financing 3.64% Exceptional investment opportunity in tightly held Montrose. Charming 1947 3-structure property on a large 10,303 sq ft lot (LCR3 zoning, APN 5807-016-046) offers timeless architecture, strong income, and major upside. Blocks from Honolulu Ave shops/dining. Appx 5,502 sq ft (buyer verify), 11 units (mostly 1BD/1BA + 2BD owner’s w/ patio/garage). 8 parking, master metered. Proven Income + Huge Upside: Current 2026 rent roll: $17,177/mo ($206,124 annually). Vacant Unit gutted basement projected at $2,000/mo Stabilized Gross: Appx. $230,124/year. GRM at $2,595,000 list: 11.28 (excellent for value-add). Game-Changing Financing: Huge opportunity to assume existing loan at 3.64% (through November 2028). Creates significant positive cash flow from day one while executing value-add and ADU conversionslocking in low-cost capital in today’s rate environment. Massive Growth Potential: ADUs: Up to 3 additional units via conversions of existing space (basement + subdivided areas) per CA/LA County rules. Large lot supports future condo development/density. Upgrade units for market rents + legalize non-conforming for transformative returns. Units lease fast here. Premier Location & Schools: Top-rated Glendale Unified (Crescenta Valley HS A+, excellent elementaries). Perfect for families/long-term tenants. Amazing Opportunity at $2,595,000: Immediate cash flow via assumable low-rate loan, rapid leasing, beautiful architecture, and layered upside rarely found in Montrose. Buyer verify all. Contact for tour, rent roll, pro forma, loan assumption details & ADU plan. Move fastthis won’t last!
Details
| MLS # | GD26136915 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1947 |
| Days On Site | 68 |
| Listing Provided By | Equity Union | Arthur Chalekian |
Features
| SQ Feet | 5,502 |
|---|---|
| Garage | 1 |
| Car Port | Yes |
| Basement | Y |
| Story(s) | 1 |
| Units | 11 |
| Building(s) | 3 |
| Zoning | LCR3YY |
| Acreage | 0.24 |
Interior
| Cooling | Dual, Wall Window Units |
|---|---|
| Heating | Natural Gas, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Ceiling Fans |
Parking
| Parking Features | Attached Carport, Covered, Direct Access, Door Single, Driveway, Garage, One Space |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Montrose |
| Zip Code | 91020 |
| Area | 635 La Crescenta | Glendale Montrose & Annex |
| Community Name | Not Applicable 105 |
| Listing VS Median (in Not Applicable 105) | |
Price: $2,595,000 low | high Med: $3,500 sqft: 5,502 low | high Med: 1,709 $ / sqft: $472 low | high Med: $2 On site: 68 low | high Med: 31 | |
Market Activity 91020
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Montrose |
| Zip Code | 91020 |
| Area | 635 La Crescenta | Glendale Montrose & Annex |
| Community Name | Not Applicable 105 |
| Listing VS Median (in Not Applicable 105) | |
Price: $2,595,000 low | high Med: $3,500 sqft: 5,502 low | high Med: 1,709 $ / sqft: $472 low | high Med: $2 On site: 68 low | high Med: 31 | |
 | $2,150,0002657 HonoluluMontrose, CA 91020 |