Property profile

2323 Florencita Ave Montrose, CA 91020

OFF-MARKET
Apartment buildings
Property ID
US09-6391205
5,256 SF 0.21 ac lot Built 1985
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1985
Construction WOOD
Total area 5,256 SF
Lot 0.21 ac (9,094 SF)
Zoning code LCR3YY
APN 5807-022-005
UPID US09-6391205

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2323 Florencita Ave Montrose, CA 91020-1872
Montrose metro Census 300503 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.50M
CAP Approach CAP
$1.30M
Comparable Approach Comparable
$1.81M
Blend (final) Blend
$2.50M

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2024
Price N/A
2024
$2.5M
2006
Price N/A
2003
Price N/A
2002
Price N/A
1991
$311,818

Zoning & alternative use

LCR3YY · Montrose, CA
Top alternative use upside
Neighborhood: shopping center $3.2M +130.7%
Auto repair, garage $2.4M +75.3%
Medical building $2.4M +72.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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