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4439 Ocean View Blvd
Montrose, CA 91020 La Crescenta-Montrose

$5,900,000 USD

Apartments For Sale • 16,338 SF

Property Details

Property Type Apartments
Total Building Size 16,338 SF
Lot Size 0.45 AC
Building Class C
Year Built 1962
Zoning R3, L.A. County

30 Transit Score

60 Walk Score

                
                    Highlights
                
                                Extremely Rare Offering -- Only Six Sales of 20+ Unit Multifamily Properties in La Crescenta-Montrose-La Canada Corridor in Past 20 Years
                            
                                Attractively Priced at a 5.27% CAP Rate When Recent Montrose Sales have Averaged a 4.37% CAP Rate
                            
                                Updated Main Electrical Panel, Seismic Retrofit Completed, Mostly Copper Plumbing
                            
                                Idyllic Suburban Location with Convenient Access to Los Angeles Metro Area’s Urban Amenities
                            
                                Supply-Constrained Market with Limited Land for Competing Apartments Between Verdugo Mountains and San Gabriel Mountains
                            
                                One Block from Shopping and Dining Along Foothill Boulevard

Amenities

Laundry Facilities
Storage Space
Ceiling Fans
Kitchen
Carpet
Online Services

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))	14 min	-	9.4 mi
Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	18 min	-	9.7 mi
Airport	Drive	Walk	Distance
Bob Hope	19 min	-	11.5 mi
Los Angeles International	42 min	-	27.5 mi
Long Beach (Daugherty Field)	47 min	-	33.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Rick Raymundo 818-219-6146 Marcus and Millichap

4439 Ocean View Blvd Montrose, CA 91020 La Crescenta-Montrose