2520 Montrose Avenue
Montrose, CA 91020
Listing broker / agent: Equity Union · Arthur Chalekian · arthur@ikonpropertiesla.com · CRMLS
MLS # GD26136915 · Last checked Oct 21, 2026 06:54 UTC
About this property
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. Premier Location & Schools: Top-rated Glendale Unified (Crescenta Valley HS A+, excellent elementaries). Perfect for families/long-term tenants. Amazing Opportunity at $2,595,000: Immediate cash flow via assumable low-rate loan, rapid leasing, beautiful architecture, and layered upside rarely found in Montrose. Buyer verify all. Contact for tour, rent roll, pro forma, loan assumption details & ADU plan. Move fast—this won’t last!
Property details
- MLS number
- GD26136915
- Status
- Active
- Type
- Residential Income
- Subtype
- Mixed Use
- Lot size
- 0.2365 acres
- County
- Los Angeles
- Year built
- 1947
- Stories
- 1
More property detailsCollapse
Listing
- Days on market
- 1
Building
- Year built
- 1947
- Year built source
- Assessor
- Stories
- 1
- Building stories
- 1
- Levels
- One
- Entry level
- 1
Rooms & interior
- Rooms
- Basement, Living Room
- Interior features
- Ceiling Fans
- Flooring
- Laminate
- Heating
- Natural Gas, Wall Furnace
- Cooling
- Dual, Wall Window Units
- Laundry
- Common Area
Exterior & parking
- Total parking spaces
- 9
- Garage spaces
- 1
- Carport spaces
- 2
- Parking
- Attached Carport, Covered, Direct Access, Door Single, Driveway, Garage, One Space
- Pool
- None
- Lot size source
- Public Records
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Community features
- Street Lights, Sidewalks
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| La Crescenta Elementary Glendale Unified · La Crescenta | K–6 | 0.7 mi |
| John C. Fremont Elementary Glendale Unified · Glendale | K–6 | 0.8 mi |
| Crescenta Valley High Glendale Unified · La Crescenta | 9–12 | 0.9 mi |
| Mountain Avenue Elementary Glendale Unified · La Crescenta | K–6 | 1.0 mi |
| Rosemont Middle Glendale Unified · La Crescenta | 7–8 | 1.0 mi |
| Palm Crest Elementary (school website, opens in a new tab) La Canada Unified · La Canada | Not reported | 1.1 mi |
| Monte Vista Elementary Glendale Unified · La Crescenta | K–6 | 1.3 mi |
| Abraham Lincoln Elementary Glendale Unified · La Crescenta | K–6 | 1.5 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $2,595,000
- MLS-reported original asking price
- $2,595,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 07:56 | $2,595,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
- MLS-reported annual tax (year not provided)
- $0
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Montrose
Active residential homes for sale in Montrose, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
Not enough price-change observations yet. History starts when the upgraded importer records changes; no trend direction is assumed.
Calculated 2026-10-21 08:21 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗