2520 Montrose Avenue, Montrose, CA 91020

Montrose
Local realty services provided by:ERA Carlile Realty Group
2520 Montrose Avenue,Montrose, CA 91020
$2,595,000
  • - Beds
  • - Baths
  • 5,502 sq. ft.
  • Multi-family
  • Active
Listed by: arthur chalekian
Office: equity union818-989-2000
MLS#:GD26136915
Source:CRMLS

Price summary

  • Price:$2,595,000
  • Price per sq. ft.:$471.65

About this home

2520 Montrose Ave, Montrose, CA 91020 – Rare Value-Add Multifamily with Assumable Low-Rate Financing 3.64% Exceptional investment opportunity in tightly held Montrose. Charming 1947 3-structure property on a large 10,303 sq ft lot (LCR3 zoning, APN 5807-016-046) offers timeless architecture, strong income, and major upside. Blocks from Honolulu Ave shops/dining. Appx 5,502 sq ft (buyer verify), 11 units (mostly 1BD/1BA + 2BD owner’s w/ patio/garage). 8 parking, master metered. Proven Income + Huge Upside: Current 2026 rent roll: $17,177/mo ($206,124 annually). Vacant Unit gutted basement projected at $2,000/mo Stabilized Gross: Appx. $230,124/year. GRM at $2,595,000 list: 11.28 (excellent for value-add). Game-Changing Financing: Huge opportunity to assume existing loan at 3.64% (through November 2028). Creates significant positive cash flow from day one while executing value-add and ADU conversions—locking in low-cost capital in today’s rate environment. Massive...

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Home facts

  • Year built:1947
  • Subdivision & Development:Not Applicable-105
  • Listing ID #:GD26136915
  • Added:141 day(s) ago
  • Updated:November 12, 2026 at 01:08 PM

Rooms and interior

  • Flooring:Laminate
  • Basement:Yes
  • Living area:5,502 sq. ft.

Heating and cooling

  • Cooling:Dual, Wall Window Units
  • Heating:Natural Gas, Wall Furnance

Structure and exterior

  • Year built:1947
  • Building area:5,502 sq. ft.
  • Lot area:0.24 Acres
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,595,000
  • Price per sq. ft.:$471.65

Features and amenities

  • Amenities:Ceiling Fans

Parking

  • Total parking spaces:9
  • Parking description:2 Carport Space(s), Attached Carport, Covered, Direct Access, Door-Single, Driveway, Garage, One Space
  • Garage:Yes
  • Garage spaces:1
  • Carport spaces:2
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