2310 Del Mar Road
Montrose, CA 91020
$600,000.00 (-10.71%)
Active Under Contract for $5,000,000
Beds: 28 Baths: 14 Structure Size: 13,263 sqft Lot Size: 20,890 sqft
| MLS | 24431831 |
| Year Built | 1984 |
| Property Type | |
| County | Los Angeles |
| Status | Active Under Contract |
| Active Under Contract | $5,000,000 |
| Structure Size | 13,263 sqft |
| Lot Size | 20,890 sqft |
| Beds | 28 |
| Baths | 14 |
Description
$600,000 PRICE IMPROVEMENT! Offered for sale for the first time in over 40 years since its original construction in 1984, this great investment opportunity features 14 spacious units, each offering 2 bedrooms and 1 bathroom. Situated on nearly 21,000 square feet of land across two lots, the building itself spans 13,263 square feet and is located in the highly desirable Montrose community, adjacent to La Canada. The property has numerous desirable features for each unit, including 2 covered parking spaces, enclosed balconies/patios, wood/gas fireplaces in the living rooms, and separate metering for gas and electricity. Thirteen of the fourteen units are equipped with central air and heating, and each unit has its own water heater. The property also presents significant rental upside potential, complemented by additional income from the on-site laundry facilities. A newer Class 'A' roof was installed in 2015, ensuring durability and reduced maintenance costs. Tenants enjoy the convenience of being within minutes of the historic Montrose Shopping Park, the retail corridor of Foothill Blvd, and easy access to the 210 Freeway. With a Walk Score of 82, the location is considered 'Very Walkable.' This property, located in Unincorporated Los Angeles County, is subject to rent control ordinances. It represents an excellent investment opportunity, ideal for both new investors and those looking for a 1031 exchange upleg. For more details, please inquire within.
Listing information courtesy of: Shant Sherbetdjian, Remax Commercial and Investment Realty 626-657-8150. *Based on information from the Association of REALTORS/Multiple Listing as of 11/25/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Souren Kasparian
REALTOR®
Direct: 818.653.7872
Email: Email Me
DRE: 02199250
DRE #01873088
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