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… Read More 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 Growth Potential:
ADUs: Up to 3 additional units via conversions of existing space (basement + subdivided areas) per CA/LA County rules.
Large lot supports future condo development/density.
Upgrade units for market rents + legalize non-conforming for transformative returns. Units lease fast here.
Premier Location & Schools: Top-rated Glendale Unified (Crescenta Valley HS A+, excellent elementaries). Perfect for families/long-term tenants.
Amazing Opportunity at $2,595,000: Immediate cash flow via assumable low-rate loan, rapid leasing, beautiful architecture, and layered upside rarely found in Montrose. Buyer verify all.
Contact for tour, rent roll, pro forma, loan assumption details & ADU plan. Move fast—this won’t last! Read Less
Property listed by Equity Union, Arthur Chalekian 310-259-7556
Listing Snapshot
Days Online
1
Last Updated
Property Type
MixedUse
Lot Size
0.24 Acres
Year Built
1947
MLS Number
GD26136915
Additional Details
Building
Built in 1947, 3 buildings, 1 storey, Levels: One, Entry level: 1, Entry location: 1
Community
StreetLights, Sidewalks
Cooling
Dual, WallWindowUnits
Doors
SlidingDoors
Expenses
Operating: $65,450
Floors
Laminate
Garage
1 spaces
Heating
NaturalGas, WallFurnace
Income
Gross Income: $206,124, Gross ScheduledIncome: $206,124, Net Operating Income: $140,674
Interior Features
CeilingFans
Laundry
CommonArea
Lot
0.2365 acres
Parking
2 carport spaces, 6 open parking spaces, 9 total parking spaces, AttachedCarport, Covered, DirectAccess, DoorSingle, Driveway, Garage, OneSpace
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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