2520 Montrose Avenue Montrose, CA $ 2,595,000
2520 Montrose Avenue
$ 2,595,000
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2520 Montrose Avenue

Montrose, CA, 91020
$ 2,595,000
Baths0.0 Sq 5,502

Monthly Estimate*

$ 16,385

Listed by Equity Union
2520 Montrose Avenue, Montrose, CA 91020 - Image 1
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Studio

Multi-Family Home for sale in Montrose, CA

for $2,595,000. This 5,502 square foot home was built in 1947 on a lot size of 0.2365.

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!

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Multi-Family Active

Price

$ 2,595,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2365

Year Built

1947

Town/City

Montrose

County/Region

Los Angeles

MLS | Web ID

GD26136915

Days on Market

12

Features
General
Sewer Public Sewer
Heating Natural Gas Wall Furnace
Cooling Dual Wall/Window Unit(s)
Zoning LCR3YY
Garage Spaces 1
Pool Features None
Year Built 1947
Stories Count 1
Levels One
Property Subtype Mixed Use
Gross Income 206124
Community Features Street Lights Sidewalks
County Los Angeles
Net Operating Income 140674
Operating Expense 65450
Insurance Expense 0
New Construction false
Property Type Residential Income
MaintenanceExpense 0
Subdivision Name Not Applicable-105
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Cross Streets: Between Rosemont Ave and Florencita Dr W
City Montrose
Land Lease Amount 0
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 6
Number Of Units Total 11
MLS Area 635 - La Crescenta/Glendale Montrose & Annex
Lot Size Units Square Feet
Lot Size Square Feet 10303
Carport Spaces 2
Carport Y/N true
Number of Units Leased 11
Listing Terms Cash Cash to New Loan Conventional
Property Attached Y/N true
Land Lease Y/N false
Tax Annual Amount 0
Electric Expense 0
Current Financing Conventional
Fuel Expense 0
Trash Expense 0
Walk Score 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 55
Total Actual Rent 206124
Property Sub Type Additional Mixed Use
Taxes 0
Cap Rate 5.42
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Interior
Interior Amenities Ceiling Fan(s)
Flooring Laminate
Total Stories 1
Common Walls 1 Common Wall
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Common Area
Entry Level 1
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Exterior
Parking Features Attached Carport Covered Direct Access Door-Single Driveway Garage One Space
Water Source Public
Total Parking 9
Lot Size Area 10303
Number of Buildings 3
Building Area Total 5502
Lot Size Acres 0.2365
Private Pool false
Lot Size Source Public Records
Door Features Sliding Doors
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
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* Excluded Features
List By
Equity Union

Broker

arthur@ikonpropertiesla.com

Email

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$16,385
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$16,385
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/23/2026$2,595,000 Listed Price

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2520 Montrose Avenue, Montrose, CA, 91020 is a Multi-Family Home for sale at $2,595,000 with 5,502 sqft and a lot size of 0.2365. 2520 Montrose Avenue is a studio with 0.0 baths and was built in 1947. The property's zip code is 91020 which is in Montrose, CA