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.
For sale
$5,750,000
4447 Ocean View Blvd, Montrose, CA 91020
29beds
20baths
16,369sqft
Multi Family
Built in 1963
-- sqft lot
$807,300 Zestimate®
$351/sqft
$-- HOA
What's special
- 4 days
- 111
- 2
Zillow last checked:
Listing updated:
Listed by:
Tim Steuernol DRE # 01742766 310-406-9110,
NAI Capital Commercial Inc. 818-905-2400
Source: CLAW,MLS#: 26988503
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 29
- Bathrooms: 20
Bathroom
- Features: Tile, Shower and Tub
Kitchen
- Features: Open to Family Room
Heating
- Wall
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Gas Cooktop, Oven
- Laundry: Common Area
Features
- Ceiling Fan(s)
- Flooring: Wood Laminate, Stone
- Has fireplace: Yes
- Fireplace features: Gas, Kitchen, Electric, Dining Room
Interior area
- Total structure area: 16,369
- Total interior livable area: 16,369 sqft
Property
Parking
- Total spaces: 26
- Parking features: Detached Carport, Covered, On Street
- Has carport: Yes
- Covered spaces: 20
- Uncovered spaces: 6
Features
- Levels: Two
- Stories: 1
Lot
- Size: 0.72 Acres
Details
- Additional structures: None
- Parcel number: 5810009033
- Zoning: LCR3YY
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1963
Community & HOA
Location
- Region: Montrose
Financial & listing details
- Price per square foot: $351/sqft
- Tax assessed value: $2,919,249
- Date on market: 9/15/2026
- Tenant pays: Gas, Electricity
Estimated market value
$807,300
$678,000 - $969,000
$2,328/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2026 | Listed for sale | $5,750,000$351/sqft |
Source: | ||
| 5/11/2026 | Listing removed | $2,000 |
Source: Zillow Rentals Report a problem | ||
| 4/29/2026 | Listed for rent | $2,000 |
Source: Zillow Rentals Report a problem | ||
| 1/26/2026 | Listing removed | $2,000 |
Source: Zillow Rentals Report a problem | ||
| 12/15/2025 | Listed for rent | $2,000 |
Source: Zillow Rentals Report a problem | ||
| 10/20/2025 | Listing removed | $2,000 |
Source: Zillow Rentals Report a problem | ||
| 9/29/2025 | Price change | $2,000-4.8% |
Source: Zillow Rentals Report a problem | ||
| 8/12/2025 | Listed for rent | $2,100 |
Source: Zillow Rentals Report a problem | ||
| 7/30/2025 | Listing removed | $2,100 |
Source: Zillow Rentals Report a problem | ||
| 7/9/2025 | Listed for rent | $2,100+7.7% |
Source: Zillow Rentals Report a problem | ||
| 12/20/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/29/2023 | Listed for rent | $1,950-1.3% |
Source: Zillow Rentals Report a problem | ||
| 10/12/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/10/2023 | Listed for rent | $1,975-1.3% |
Source: Zillow Rentals Report a problem | ||
| 6/9/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/7/2023 | Listed for rent | $2,000+8.1% |
Source: Zillow Rentals Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/29/2020 | Listing removed | $1,850 |
Source: Owner Report a problem | ||
| 5/12/2020 | Price change | $1,850-5.1% |
Source: Owner Report a problem | ||
| 4/28/2020 | Listed for rent | $1,950 |
Source: Owner Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 91020
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