This prime Montrose eight (8) unit is close to restaurants, shopping, a movie theater, post office and various community services. Located on a larger 21,471 square foot lot, the property has the potential for building additional dwelling units (ADUs).
This building has several rents far below market at this time, however any move outs will be an immediate benefit to an astute buyer. Additionally, the building has over 600 square feet of dead storage space that can bring added revenue.
The long-time owner has relocated and prefers an all cash or cash to new loan offer.
Sold for $2,700,000
Zillow last checked:
Listing updated:
Bought with:
Nairy Stepanyan, DRE #02027506
Coldwell Banker Hallmark Realty
Source: CRMLS,MLS#: GD25044333
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 4/1/2025 | Sold | $2,700,000+17.6%$477/sqft |
Source:  CRMLS #GD25044333 Report a problem | ||
| 3/17/2025 | Pending sale | $2,295,000$405/sqft |
Source: CRMLS #GD25044333 Report a problem | ||
| 3/4/2025 | Listed for sale | $2,295,000$405/sqft |
Source: CRMLS #GD25044333 Report a problem | ||
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Estimated market value
$2,658,100
