10-Unit Apartment
New
For Sale
$3,200,000
2830 Montrose Avenue, La Crescenta, CA 91214
The property combines a five-unit apartment building with five standalone cottages.
Property Size7,564 SF
Days on Market6
Property Features for 2830 Montrose Avenue
General Information
Standard status
Active
Size
7,564 SF
Property subtype
Apartment
Additional Details
Multifamily Units
10
Tenant in Place
Yes
Amenities
private balcony/patio
mountain views
onsite laundry
washer/dryer hookups
private backyard
Building Details
Building Size
7,564 SF
Year Built
1964
Buildings
6
Listing Agency:
Keller Williams Realty/Pasadena
Listed By:
KEVIN HURLEY · License #01237798
Source:
Hopewayrealtygroup
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 3 at 3:12PM
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.
At 2830 Montrose Avenue, the 10-unit property includes a five-unit apartment building and five separate cottages. The apartment building has three one-bedroom, one-bath units and two two-bedroom, one-bath units. Each apartment has a balcony or patio with mountain views, and residents share an on-site laundry facility. The cottages have private backyards, and three units have washer and dryer hookups. Extensive renovations were completed over the past five years. The property was built in 1964 and occupies more than 27,000 square feet of land.
Key Highlights
- 10 units across a five‑unit apartment building and five cottages
- Apartment mix includes three 1‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units
- Each apartment has a private balcony or patio with mountain views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,711
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,434,220
$2.4M
Cap Rate 7%
$1,738,729
$1.7M
Cap Rate 9%
$1,352,344
$1.4M
Market Conditions
NOI Build-Up for 7,564 SF
Gross rent
$240.5K $31.80/SF
− Vacancy
−$19.2K −$2.54/SF
EGI
$221.3K $29.26/SF
− OpEx
−$99.6K −$13.17/SF
NOI
$121.7K $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%
$2,434,220
Cap Rate 7%
$1,738,729
Cap Rate 9%
$1,352,344
Alternative Uses
Best Use
Apartment 5plus
$1.74M
$1.52M – $2.03M
NOI $121,711 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.05M
$3.54M – $4.72M
NOI $283,482 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
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Business Placement
Demographics for 91214, CA
31,097
Population
11,092
Households
2.8
Avg Household Size
43
Median Age
59%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
4,260
Density / Sq Mi
$131,716
Median Household Income
$68,236
Median Earnings
$2,475
Median Rent
$1,088,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property combines a five-unit apartment building with five standalone cottages.
Where is this apartment building located?
The property is located at 2830 Montrose Avenue La Crescenta, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 10 units across a five‑unit apartment building and five cottages; Apartment mix includes three 1‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units; Each apartment has a private balcony or patio with mountain views
