2520 Montrose Avenue, Montrose, CA 91020
- 5,502 sqft
other 
Built in 1947 
10,302sqft lot
1 car garage 
$472/sqft 
Listed 2 months ago
Property Description
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 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!
- Listing Status:
- Active
- Date Added:
- June 23, 2026
- Data Last Updated:
- August 25, 2026 at 1:16AM
- Listing Office:
- Equity Union : 818-989-2000
- Listing Agent:
- Arthur Chalekian : 818-989-2000
- Contact:
- arthur@ikonpropertiesla.com
- MLS ID:
- GD26136915
- Pool: None
- Parking: Attached CarportCoveredDirect AccessDoor-SingleDrivewayGarageOne SpaceParking spaces: 9
- General: 1
- Originating MLS: CRMLS_CRM
- County: Los Angeles
- Zoning: LCR3YY5807016046
- Water: Public
- Sewer: Public Sewer
- Source: CRMLS_CRM
This listing courtesy of Arthur Chalekian , Equity Union
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
