For sale 5 units in Montrose, CA. For more information please contact the listing agent, Rick Ramirez: info@laaa.com (818) 212-2808

Posted: 09/02/2020 10:47 am | On HOMEiZ: 1335 days | Updated: 3 years ago | Views: 631

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$1850000

Last Sold Price

$1850000

Last Sold Date

09/02/2020

Total Lot Size

8,665.00 Sq. Ft.

Asking Price per Sq. Ft.

$359

Total Building Size Sq. Ft.

5156

Commission Split %

Contact Listing Agent%

Cap Rate %

3.58%

Gross Annual Income

Net Operating Income

$66230

Gross Rent Multiplier

17.42

Annual Property Tax Rate for this property

0.755%

Property tax total amount

$13968

Property Location & Description

Listing Headline

For sale 5 units in Montrose, CA. For more information please contact the listing agent, Rick Ramirez: info@laaa.com (818) 212-2808

Rent control

Non Rent Control

Property Description

The offering sits on 8,664 square feet of land with 5,156 square feet of rentable area and consists of 2- two bed / two bath, 2- three bed / two bath units and 1- two bed / one bath house. The front house is built in 1939 and the four units in back are built in 1985. The property has undergone recent renovations and features: new roof (front house and mansard perimeter of back building), completely renovated front house (approx. 2011) and unit #1 (approx. 2014), copper plumbing throughout, ABS plastic drain and main lines, central heating/air, new HVAC for units #3 and #4 (2019). new water heaters in units #2 and #3 (2019), new on demand water heater in front house (2020), landlord owned laundry room with coin-op washer/dryer, etc.

Location Description

Montrose is bordered by Glendale to the south and west, La Canada Flintridge to the east, and Angeles National Forest to the north.

No. of Units

Price per Unit

$370000

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

2+1

2+2

3+2

APN / Parcel ID

5807-006-059

Zoning

Occupancy %

90%

Construction Type

Wood & Stucco

No. Stories

Year Built

1985

Overall Property Condition

Good

Highlights

Great unit mix

Built in 1939/ Renovate1985

Vacant 2 Bed / 2 Bath

Recent Upgrades

Significant Upside in Rents

Newly Remodeled Front House & Unit 1

Property Information

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

Off-street

On-street

Assigned Parking

# of Covered Parkings

Investment Overview

Type of use

Investor

Energy Efficiency

Energy Star Certified

How old is you cooling and heating system?

No Data

Efficiency rating

N/A

R-value

N/A

Windows single-pane?

Natural daylight

Appliances energy efficient

Roof

Neighborhood lifestyle

Lifestyle

Urban Core

More information

MLS URL of this listing to link to your own site or brokerage site

20-566566

Listing Info

Listing ID: 2415

Sold

For Sale

$1,850,000

Listing Presented by

Disclimer: Any information relating to a property referenced on HOMEiZ.com comes from the listing provider who wishes to post a listing on HOMEiZ.com. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. HOMEiZ does not verify the property information submitted in HOMEiZ.com and cannot guarantee the accuracy of the information. No warranties or representations are made of any kind. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

2310 Montrose Avenue . Montrose , CA 91020