USACAMontrose4439 Ocean View Boulevard
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4439 Ocean View Boulevard, Montrose, CA

House

For Sale

Listed price in listed location currency (USD).
$5,900,000

26200

MLS® 26827021

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 16338 sqft
Garage 
Taxes 
Days Active 1
Lot Size 
Approx. Age 1962
Avg. Price Per Sqft $361
MLS® Number 26827021

Property Address: 4439 Ocean View Boulevard, Montrose, CA, 91020

Average square foot calculated using Size range provided by listing agent.

Description

Mid-sized multifamily properties rarely become available within the coveted La Crescenta-Montrose-La Canada corridor, with only six other properties with 20+ units having sold over the past 20 years. Nestled between the Verdugo Mountains and the San Gabriel Mountains, these small cities span nearly the entirety of developable land in the area, limiting the potential for construction of new, competing apartment properties. This, in turn, benefits the owners of existing multifamily properties, who enjoy higher rental demand as a result of these supply constraints. Attractively priced at a 5.27% CAP Rate while similar properties sold in the immediate area have averaged a 4.07% CAP Rate over the past year, the property provides immediate cash flow with an opportunity to further improve cash flow by recapturing the projected rent upside. The building contains mostly copper plumbing while the owner has already upgraded the main electrical panel and completed the seismic retrofit repairs, helping a new investor to save on both insurance and maintenance expenses. Situated just one block from shopping and dining destinations along Foothill Boulevard, the property also provides tenants convenient access to Downtown Montrose, including Trader Joe's and the weekly Farmer's Market at The Montrose Shopping Park along Honolulu Avenue. Residents are drawn to the area's small town vibes, while still enjoying easy access to the job market and amenities of the Los Angeles metro area. Several highly-rated schools in the immediate area help to attract families and long-term tenants as well.
MLS® Number26827021
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1962
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 29, 2026List Date
$5,900,000List Price
  • Commute

Commute

Starting Address
Destination Address
4439 Ocean View Boulevard, Montrose, CA

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