We are pleased to be selected as the exclusive marketing advisor for the Villas at Montrose. A true, rare opportunity acquisition opportunity being offered for sale for the 1st time from the original developer. Built-in 1992, the property encompasses very large townhouse units with individual 2 car garages that lead directly to units. Comprised of (3) 2+2.5 ; (1) 3 + 3 and (1) 4 + 3 all benefiting from in-unit washer dryers, individual water heaters, and patios. For the 2+2.5 rents averaging $2,636.48, for 3+3 rent is $2,636 and for 4+3 rent is $3,600, totalling rents to $12,272.35. GRM is 17.6 and CAP is 3.8%. The Villas at Montrose are situated in a great school district with national blue ribbon recognition, top independent police & fire services. 5 minutes to old town Montrose shopping center, is a major tenant amenity. Filled with restaurants, bars coffee shops and boutique shopping stores, Montrose Shopping Center is frequently visited and enjoyed by patrons young and old, from surrounding La Canada, La Crescenta and Pasadena. For more information about the property, email the listing agent.
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