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2310 Del Mar Rd
Montrose, CA 91020 La Crescenta-Montrose

$5,000,000 USD

Apartments For Sale • 13,263 SF

Property Details

Property Type Apartments
Total Building Size 13,263 SF
Lot Size 0.48 AC
Building Class C
Year Built 1984
Cap Rate 3.68 %
Zoning LCR3*

0 Transit Score

82 Walk Score

                
                    Highlights
                
                                Offered for sale for the first time in over 40 years since its original construction in 1984
                            
                                This great investment opportunity features 14 spacious units, each offering 2 bedrooms and 1 bathroom
                            
                                Situated on nearly 21,000 square feet of land across two lots, the building itself spans 13,263 square feet
                            
                                Located in the highly desirable Montrose community, adjacent to La Canada | Walk Score of 82, the location is considered 'Very Walkable' 
                            
                                Thirteen of the fourteen units are equipped with central air and heating, and each unit has its own water heater
                            
                                Significant rental upside potential, complemented by additional income from the on-site laundry facilities

Financial Summary (Actual)

Net Operating Income: $173,658 USD (2023)

Cap Rate:	3.68 %
Total Expenses:	$114,129 USD

Amenities

Air Conditioning
Heating
Kitchen
Refrigerator
Oven
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	12 min	-	9.0 mi
Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	15 min	-	9.2 mi
Airport	Drive	Walk	Distance
Bob Hope	19 min	-	11.6 mi
Los Angeles International	41 min	-	27.2 mi
Long Beach (Daugherty Field)	46 min	-	33.6 mi

Shant Sherbetdjian 626-657-8150 RE/MAX Commercial & Investment Realty

2310 Del Mar Rd Montrose, CA 91020 La Crescenta-Montrose