2310 Del Mar Road
Montrose, CA 91020
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1984 build
- – on site
$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.
Listed By CRMLS_CA / Shant Sherbetdjian / Remax Commercial and Investment Realty
Last checked:
Checking…
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Last updated Nov 14, 2024
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MLS# 24431831 —
The Building
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Year Built:1984
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New Construction:No
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Building Area Total:13263.00
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# of Buildings:2
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Total Number Of Units:14
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Stories Total:2
Interior
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Levels:Two
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Fireplace:Yes
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Fireplace:Living Room
Location
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Directions:Situated on a cul-de-sac, Del Mar Road. Nearest major cross street of Ocean View Blvd and Montrose Ave. Take the 210 Freeway, exit Ocean View Blvd, head towards Montrose Ave, make a RIGHT on Montrose Ave and the next RIGHT on Del Mar Rd until you arrive at 2310 Del Mar Rd on your right side.
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Latitude:34.21065900
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Longitude:-118.22874400
The Property
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Property Type:Residential Income
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Zoning:LCR3*
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Lot Size Area:20890.0000
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Lot Size Acres:0.4796
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Lot Size SqFt:20890.00
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Lot Size Source:Assessor
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Additional Parcels:Yes
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5807002058
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Central Air
Appliances
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Included:Yes
The Community
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Senior Community:No
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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.
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Covered
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Parking Spaces:28.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/14/24
Nov 14, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $5,000,000 | |
9/17/24
Sep 17, 2024
|
Price Changed | CRMLS_CA | $5,000,000 | -10.7% |
8/26/24
Aug 26, 2024
|
Listed / Active | CRMLS_CA | $5,600,000 |