Triplex with Carport
For Sale
$1,495,000
2345 Caldero, Montrose, CA 91020
Three two-bedroom residences include a mix of vacant and occupied units at closing.
Property Size2,906 SF
Days on Market15
Property Features for 2345 Caldero
General Information
Standard status
Active
Size
2,906 SF
Total Parking Spaces
5
Property subtype
Investment
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Building Details
Building Size
2,906 SF
Year Built
1964
Buildings
1
Stories
2
Units
3
Listing Agency:
First Class Real Estate
Listed By:
Bill Toth · License #01023622
(818) 569-0210
Source:
Elliman
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 12 at 8:27PM
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 First Class Real Estate
Investment Insights
Based on property information with market context.
This triplex contains three units, each configured with two bedrooms and one bathroom. The property underwent extensive remodeling approximately seven years ago and includes five carport parking spaces.
At closing, two units are to be delivered vacant while the third remains occupied by a tenant. The building dates to 1964 and is located at 2345 Caldero in Montrose, California.
At closing, two units are to be delivered vacant while the third remains occupied by a tenant. The building dates to 1964 and is located at 2345 Caldero in Montrose, California.
Key Highlights
- Three units, each with 2 bedrooms and 1 bathroom
- Extensively remodeled approximately seven years ago
- Two units delivered vacant at closing; one remains tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,749
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,980
$1.0M
Cap Rate 7%
$724,986
$725.0K
Cap Rate 9%
$563,878
$563.9K
Market Conditions
NOI Build-Up for 2,906 SF
Gross rent
$78.5K $27.00/SF
− Vacancy
−$6.0K −$2.05/SF
EGI
$72.5K $24.95/SF
− OpEx
−$21.7K −$7.48/SF
NOI
$50.7K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,980
Cap Rate 7%
$724,986
Cap Rate 9%
$563,878
Alternative Uses
Best Use
Multifamily LT 5
$725.0K
$634.4K – $845.8K
NOI $50,749 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$668.0K
$584.5K – $779.3K
NOI $46,760 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,910 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,116
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom residences include a mix of vacant and occupied units at closing.
Where is this triplex located?
The property is located at 2345 Caldero Montrose, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 1 bathroom; Extensively remodeled approximately seven years ago; Two units delivered vacant at closing; one remains tenant occupied
