Sold for $3,200,000

Listed by: Remax Optima • Pakrad Markarian • Contact: 818-547-6367

Bought with: Remax Optima

$3,200,000

2463 Montrose Ave, Montrose, CA 91020

16beds

9baths

7,924sqft

Multi Family

Built in 1962

-- sqft lot

$3,187,700 Zestimate^®

$404/sqft

$3,087 Estimated rent

Home value

$3,187,700

$2.87M - $3.54M

$3,087/mo

Zestimate^® history

Owner options

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$3,087/mo

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$3,087/mo

Rent Zestimate^®

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$20,552/mo

Est. payment

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$20,552/mo

Est. payment

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What's special

Laundry room

Great investment property located in Montrose, nestled just above the city of Glendale, just below the city of La Crescenta. This 8 unit building offers one (3) bedroom (2)bath unit, six (2) bedroom (1) bath units and one (1) bedroom (1) bath unit. High demand rental area because of the area and the size of the units. All units have wall heaters and wall A/C. Three bedroom unit has central A/C. All windows were updated. Well maintained over the years. Building has a laundry room which offers two side by side washers and a double stacked dryers. Machines are leased. Owner collects all the laundry income. Excellent schools, close proximity to markets, restaurants and shops. Walking distance to Honolulu Ave.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 9

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 7,924
Total interior livable area: 7,924 sqft

Property

Parking

Total spaces: 12
Parking features: Carport, One Space
Carport spaces: 11
Uncovered spaces: 1

Features

Entry location: Front
Pool features: None

Lot

Size: 9,334 Square Feet
Features: 0-1 Unit/Acre

Details

Parcel number: 5807015055
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1962

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks

Location

Region: Montrose

Financial & listing details

Price per square foot: $404/sqft
Date on market: 5/21/2025
Cumulative days on market: 30 days
Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange
Total actual rent: 17365
Tenant pays: Electricity, Gas

Price history

Date	Event	Price
8/18/2025	Sold	$3,200,000-10.1%$404/sqft
Source: CRMLS #GD25113809 Report a problem
6/20/2025	Pending sale	$3,560,000$449/sqft
Source: CRMLS #GD25113809 Report a problem
5/21/2025	Listed for sale	$3,560,000$449/sqft
Source: CRMLS #GD25113809 Report a problem