Home | Los Angeles County | Montrose | 91020 | 2520 Montrose Ave
MLS: CRGD26136915 | Status: | Price: $2,595,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 10,303 | 1947 |
2520 Montrose Ave, Montrose, CA 91020 – Rare Value-Add Multifamily with Assumable Low-Rate Financing 3.64% Exceptional investment opportunity in tightly held Montrose. Charming 1947 3-structure property on a large 10,303 sq ft lot (LCR3 zoning, APN 5807-016-046) offers timeless architecture, strong income, and major upside. Blocks from Honolulu Ave shops/dining. Appx 5,502 sq ft (buyer verify), 11 units (mostly 1BD/1BA + 2BD owner’s w/ patio/garage). 8 parking, master metered. Proven Income + Huge Upside: Current 2026 rent roll: $17,177/mo ($206,124 annually). Vacant Unit gutted basement projected at $2,000/mo Stabilized Gross: Appx. $230,124/year. GRM at $2,595,000 list: 11.28 (excellent for value-add). Game-Changing Financing: Huge opportunity to assume existing loan at 3.64% (through November 2028). Creates significant positive cash flow from day one while executing value-add and ADU conversions—locking in low-cost capital in today’s rate environment. Massive Growth Potential: ADUs: Up to 3 additional units via conversions of existing space (basement + subdivided areas) per CA/LA County rules. Large lot supports future condo development/density. Upgrade units for market rents + legalize non-conforming for transformative returns. Units lease fast here. Prem
| Field | Value |
|---|---|
| MLS # | CRGD26136915 |
| MLS Source | California Regional MLS |
| Days on Site | 20 |
| Feature | Details |
|---|---|
| Flooring | Laminate |
| Cooling | Other, Window/Wall Unit |
| Heating | Gas, Wall Furnace |
| Feature | Details |
|---|---|
| Garage/Parking | Carport, Covered Parking, Garage, Other, Parking Area, Garage: 1 Car(s) |
Arthur Chalekian
Equity Union
License #: 01982432
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 11 | – |
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This listing information is up-to-date as of June 24, 2026. For the most current information, please contact Arthur Chalekian.