USACAMontroseNot Applicable-1052520 Montrose Ave

New

$2,595,000

For Sale

13 hours ago

2520 Montrose Ave, Montrose, CA

Name: 2520 Montrose Ave, For Sale in Montrose - eXp Realty
Brand: Equity Union
SKU: GD26136915
Price: 2595000 USD

House

MLS® GD26136915

0 Bed

0 Bath

9 Parking

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Residential Income

Size -

Garage Yes

Taxes

Days Active 0

Lot Size 0.2365 Acres

Approx. Age 1947

MLS® Number GD26136915

Property Address: 2520 Montrose Ave, Montrose, CA, 91020

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

Description

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!

MLS® NumberGD26136915

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1947

Basement

DrivewayAttached Carport, Covered, Direct Access, Door Single, Driveway, Garage, One Space

Garage Spaces

HeatNatural Gas, Wall Furnace

A/CDual, Wall Window Units

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 23, 2026List Date

$2,595,000List Price

Commute

Commute

Starting Address

Destination Address

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