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Richard Chung

[email protected] +1(714) 865-3871

$ 5,000,000

Est. payment -/mo

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Price Dropped by $600K

2310 Del Mar RD Montrose, CA 91020

28 Beds

14 Baths

13,263 SqFt

UPDATED:

09/30/2024 06:06 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 13,263 sqft

Price per Sqft $376

MLS Listing ID 24431831

Bedrooms 28

HOA Y/N No

Year Built 1984

Lot Size 0.480 Acres

Acres 0.4796

Property Description

$600,000 PRICE IMPROVEMENT! Offered for sale for the first time in over 40 years since its original construction in 1984, this great investment opportunity features 14 spacious units, each offering 2 bedrooms and 1 bathroom. Situated on nearly 21,000 square feet of land across two lots, the building itself spans 13,263 square feet and is located in the highly desirable Montrose community, adjacent to La Canada. The property has numerous desirable features for each unit, including 2 covered parking spaces, enclosed balconies/patios, wood/gas fireplaces in the living rooms, and separate metering for gas and electricity. Thirteen of the fourteen units are equipped with central air and heating, and each unit has its own water heater. The property also presents significant rental upside potential, complemented by additional income from the on-site laundry facilities. A newer Class 'A' roof was installed in 2015, ensuring durability and reduced maintenance costs. Tenants enjoy the convenience of being within minutes of the historic Montrose Shopping Park, the retail corridor of Foothill Blvd, and easy access to the 210 Freeway. With a Walk Score of 82, the location is considered 'Very Walkable.' This property, located in Unincorporated Los Angeles County, is subject to rent control ordinances. It represents an excellent investment opportunity, ideal for both new investors and those looking for a 1031 exchange upleg. For more details, please inquire within.

Location

State CA

County Los Angeles

Area 635 - La Crescenta/Glendale Montrose & Annex

Zoning LCR3*

Interior

Heating Central

Cooling Central Air

Fireplaces Type Living Room

Inclusions The sale of this property includes two parcels that are side-by-side, 5807-002-058 and 5807-002-059. The bed/bath count and building/lot square footage calculation in this listing refers to both lots combined in total.

Fireplace Yes

Exterior

Garage Covered

Porch Enclosed, See Remarks

Parking Type Covered

Total Parking Spaces 28

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Schools

School District Glendale Unified

Others

Senior Community No

Tax ID 5807002058

Special Listing Condition Standard

Listed by Shant Sherbetdjian • Remax Commercial and Investment Realty

Richard Chung

Agent | License ID: 01899002

+1(714) 865-3871

Richard Chung

2310 Del Mar RD Montrose, CA 91020

Key Details

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Interior

Exterior

Building

Schools

Others

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2310 Del Mar RD