4123 Ocean View Boulevard, Montrose, CA 91020

• 3,988 sqft

Property Description

We are pleased to present 4123 Ocean View Boulevard, a six-unit multifamily property located in the Montrose community of unincorporated Los Angeles County within the La CrescentaMontrose area. The asset sits in a mature, supply-constrained residential pocket defined by long-term ownership, low transaction volume, and limited new multifamily development due to geography, zoning, and established neighborhood character. Constructed in 1948, the property consists of two wood-frame buildings totaling approximately 3,988 square feet on a 5,286 square foot infill parcel. The unit mix is clean and efficient, with all six units configured as one-bedroom, one-bathroom apartments averaging approximately 665 square feet, a layout that aligns well with Montrose renter demand and supports operational simplicity. The property has been held by the same ownership for nearly 30 years and represents a rare opportunity to acquire a small-scale Montrose asset that seldom comes to market. In-place rents are estimated to be approximately 20% below current market levels, providing clear organic upside within the existing regulatory framework under Los Angeles County RSTPO and AB 1482. Two units are intentionally vacant, offering a buyer immediate control over lease-up timing, renovation scope, and post

Listing Status:

Pending

Date Added:

January 5, 2026

Data Last Updated:

February 7, 2026 at 6:08PM

Listing Office:

Marcus & Millichap : 818-212-2700

Listing Agent:

Filip Niculete : 818-212-2763

MLS ID:

CL26639263

Exterior

• Parking: Other

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LCR35807002028

Financial

• Source: CRMLS