2520 Montrose Avenue

Property Overview

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!

Home Details

Property type: Residential Income - Mixed Use
Year built: 1947
Lot size: 10,303 sq ft
Parking: 9 spaces
Garage: 1 spaces
Carport: 2 spaces
Stories: 1
Days on market: 1
MLS status: Active
Zoning: LCR3YY

Features & Amenities

Interior

Ceiling Fans

Parking

Attached Carport
Covered
Direct Access
Door Single
Driveway
Garage
One Space

Pool

None

Community, Schools & Utilities

Community

Subdivision: Not Applicable-105

Utilities

Heating: NaturalGas,WallFurnace
Cooling: Dual,WallWindowUnits
Water: Public
Sewer: PublicSewer

Location & Neighborhood

Montrose, CA 91020

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Frequently Asked Questions About 2520 Montrose Avenue

Property type: Residential Income

The current asking price is $2,595,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 2520 Montrose Avenue. Our team will confirm availability and timing.

This property offers the living space reported in the listing. It was built in 1947. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Montrose, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Montrose property.

The MLS currently reports the property as Active. It has been listed for 1 days. Status can change, so verify availability before relying on it.

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