4447 Ocean View Boulevard,Montrose, CA 91020
Montrose, CA 91020
Description
4447 Ocean View Boulevard is a well maintained 20 unit multifamily asset located in the highly desirable Montrose submarket of Los Angeles. Built in 1963 and situated on a generous 31,478 SF lot, the property offers an attractive blend of stability, scale, and rental upside in one of the most supply constrained pockets of the Crescenta Valley. The building totals 16,369 square feet and provides 26 on site parking spaces, a rare amenity for the area. The unit mix(11) one bedroom/one bath units and (9) two bedroom/one bath units caters to the strong demand from local renters seeking quality housing near top rated schools, walkable retail, and major employment corridors. Current rents remain meaningfully below market, with the rent roll showing an achievable 20% rental upside based on the pro forma schedule included in the financials demonstrating a clear value add pathway supported by comparable market rents. Positioned along the Ocean View Boulevard corridor, the property benefits from excellent accessibility to Montrose Shopping Park, the 210 and 2 freeways, and the broader Glendale La Canada employment basin. The immediate neighborhood is characterized by clean streets, mature landscaping, and a mix of single family homes and low density multifamily buildings an environment that consistently attracts long term tenants and supports premium rent levels. With its combination of scale, location, operational stability, and clear value add potential, 4447 Ocean View Boulevard represents a compelling opportunity for investors seeking durable cash flow and long term appreciation in one of Los Angeles' most coveted suburban communities. The property has two lots, APN# 5810-009-033 & 5810-009-031.
Details
| MLS # | 26988503 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 41 |
| Listing Provided By | NAI Capital Commercial Inc. | Tim Steuernol |
Features
| Bed(s) | 29 |
|---|---|
| Bath(s) | 20 |
| SQ Feet | 16,369 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 20 |
| Building(s) | 1 |
| Zoning | LCR3YY |
| Acreage | 0.72 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Ceiling Fans |
| Appliances | Gas Cooktop, Oven |
| Fireplace Yes / No | Yes |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Covered, Detached Carport, On Street |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Montrose |
| Zip Code | 91020 |
| Area | 635 La Crescenta | Glendale Montrose & Annex |
| Listing VS Median (in 91020) | |
Price: $5,750,000 low | high Med: $6,375 sqft: 16,369 low | high Med: 2,360 $ / sqft: $351 low | high Med: $3 On site: 41 low | high Med: 44.5 | |
Market Activity 91020
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Montrose |
| Zip Code | 91020 |
| Area | 635 La Crescenta | Glendale Montrose & Annex |
| Listing VS Median (in 91020) | |
Price: $5,750,000 low | high Med: $6,375 sqft: 16,369 low | high Med: 2,360 $ / sqft: $351 low | high Med: $3 On site: 41 low | high Med: 44.5 | |