2310 Del Mar Rd Save Request In-Person Tour Request Virtual Tour
Montrose,CA 91020
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 13,263 sqft
Price per Sqft $376
MLS Listing ID 24-431831
Bedrooms 28
Year Built 1984
Lot Size 0.480 Acres
Acres 0.2384
Property 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.
Location
State CA
County Los Angeles
Area La Crescenta/Glendale/Montrose/Sparr Heights
Zoning LCR3*
Rooms
Other Rooms None
Dining Room 0
Interior
Heating Central, Other
Cooling Other, Central
Fireplaces Type Gas and Wood, Living Room
Inclusions The sale of this property includes two parcels that are side-by-side, 5807-002-058 and 5807-002-059. The bed/bath count and building/lot square footage calculation in this listing refers to both lots combined in total.
Equipment Other
Laundry Laundry Area
Exterior
Garage Covered Parking
Garage Spaces 28.0
Building
Story 2
Level or Stories Two
Schools
School District Glendale Unified
Others
Special Listing Condition Standard