11-Unit Apartment
2520 Montrose AVE, Montrose, CA 91020
For Sale
$2,595,000
Three separate buildings provide apartment accommodations with on-site parking and LCR3 zoning.
Property Size5,502 SF
Lot Size0.24 Acres
Price / SF$471.65
Days on Market157
Property Features for 2520 Montrose AVE
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Financials
Asking Price
Gross Income
Gross Rent Multiplier
Additional Details
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Equity Union
Listed By:
Arthur Chalekian · License CA #01982432
(818) 989-2000
Source:
Trevinoproperties
Added: Jun 12
Changed: Nov 7
Last Checked: Nov 14 at 4:45PM
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 Equity Union
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Investment Insights
Based on property information with market context.
Built in 1947, this Montrose apartment property comprises three buildings with 11 units and approximately 5,502 square feet of building area on a 10,303-square-foot lot. Most apartments have one bedroom and one bathroom; the owner’s unit has two bedrooms, a patio, and a garage. The property is master-metered and has eight parking spaces. A basement unit is currently gutted and vacant. The site carries LCR3 zoning.
Honolulu Avenue shops and restaurants are a few blocks away. The property is located at 2520 Montrose Avenue in Montrose, California.
Honolulu Avenue shops and restaurants are a few blocks away. The property is located at 2520 Montrose Avenue in Montrose, California.
Key Highlights
- 11 apartments across three buildings on a 10,303‑square‑foot lot
- Approximately 5,502 square feet of building area; built in 1947
- Most units have one bedroom and one bathroom; owner's unit has two bedrooms, a patio, and a garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,532
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,770,640
$1.8M
Cap Rate 7%
$1,264,743
$1.3M
Cap Rate 9%
$983,689
$983.7K
Market Conditions
NOI Build-Up for 5,502 SF
Gross rent
$175.0K $31.80/SF
− Vacancy
−$14.0K −$2.54/SF
EGI
$161.0K $29.26/SF
− OpEx
−$72.4K −$13.17/SF
NOI
$88.5K $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%
$1,770,640
Cap Rate 7%
$1,264,743
Cap Rate 9%
$983,689
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.11M – $1.48M
NOI $88,532 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,202 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
1,846
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
$880,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three separate buildings provide apartment accommodations with on-site parking and LCR3 zoning.
Where is this apartment building located?
The property is located at 2520 Montrose AVE Montrose, CA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: 11 apartments across three buildings on a 10,303‑square‑foot lot; Approximately 5,502 square feet of building area; built in 1947; Most units have one bedroom and one bathroom; owner's unit has two bedrooms, a patio, and a garage
