Residential Income
2201 Mira Vista Avenue, Montrose, CA 91020
For Sale
$4,400,000
A 1948 residential income property with wall furnace heating.
Property Size14,194 SF
Days on Market14
Property Features for 2201 Mira Vista Avenue
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty/Pasadena
Listed By:
KEVIN HURLEY · License CA #01237798
(626) 204-3456
Source:
Archetyperealty
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 14 at 3:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty/Pasadena
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Investment Insights
Based on property information with market context.
Built in 1948, this residential income property has wall furnace heating. The property is located at 2201 Mira Vista Avenue in Montrose, Los Angeles County.
Key Highlights
- Built in 1948
- Wall furnace heating
- 2201 Mira Vista Avenue in Montrose, Los Angeles County
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$228,393
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,567,860
$4.6M
Cap Rate 7%
$3,262,757
$3.3M
Cap Rate 9%
$2,537,700
$2.5M
Market Conditions
NOI Build-Up for 14,194 SF
Gross rent
$451.4K $31.80/SF
− Vacancy
−$36.1K −$2.54/SF
EGI
$415.3K $29.26/SF
− OpEx
−$186.9K −$13.17/SF
NOI
$228.4K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,567,860
Cap Rate 7%
$3,262,757
Cap Rate 9%
$2,537,700
Alternative Uses
Best Use
Apartment 5plus
$3.26M
$2.85M – $3.81M
NOI $228,393 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.60M
$6.65M – $8.87M
NOI $531,959 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
2,328
Businesses Nearby
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Business Placement
Demographics for 91020, CA
8,439
Population
3,501
Households
2.4
Avg Household Size
42
Median Age
51%
College-Educated
91%
High-School Grad
0.7 sq mi
ZIP Area
12,056
Density / Sq Mi
$60,899
Median Household Income
$59,838
Median Earnings
$2,258
Median Rent
$880,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Residential income properties in Los Angeles County, CA
Properties on Market for Residential income properties in Los Angeles County
Frequently Asked Questions
What type of property is this?
Residential income property - A 1948 residential income property with wall furnace heating.
Where is this residential income property located?
The property is located at 2201 Mira Vista Avenue Montrose, CA.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Built in 1948; Wall furnace heating; 2201 Mira Vista Avenue in Montrose, Los Angeles County
