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Mid-sized multifamily properties rarely become available within the coveted La Crescenta-Montrose-La Canada corridor, with only six other properties with 20+ units having sold over the past 20 years. Nestled between the Verdugo Mountains and the San Gabriel Mountains, these small cities span nearly the entirety of developable land in the area, limiting the potential for construction of new, competing apartment properties. This, in turn, benefits the owners of existing multifamily properties, who enjoy higher rental demand as a result of these supply constraints. Attractively priced at a 5.27% CAP Rate while similar properties sold in the immediate area have averaged a 4.07% CAP Rate over the past year, the property provides immediate cash flow with an opportunity to further improve cash flow by recapturing the projected rent upside. The building contains mostly copper plumbing while the owner has already upgraded the main electrical panel and completed the seismic retrofit repairs, helping a new investor to save on both insurance and maintenance expenses. Situated just one block from shopping and dining destinations along Foothill Boulevard, the property also provides tenants convenient access to Downtown Montrose, including Trader Joe's and the weekly Farmer's Market at The Montrose Shopping Park along Honolulu Avenue. Residents are drawn to the area's small town vibes, while still enjoying easy access to the job market and amenities of the Los Angeles metro area. Several highly-rated schools in the immediate area help to attract families and long-term tenants as well.

26 Beds ⋅ 20 Baths ⋅ SOLD Status

Mid-sized multifamily properties rarely become available within the coveted La Crescenta-Montrose-La Canada corridor, with only six other properties with 20+ units having sold over the past 20 years. Nestled between the Verdugo Mountains and the San Gabriel Mountains, these small cities span nearly the entirety of developable land in the area, limiting the potential for construction of new, competing apartment properties. This, in turn, benefits the owners of existing multifamily properties, who enjoy higher rental demand as a result of these supply constraints. Attractively priced at a 5.27% CAP Rate while similar properties sold in the immediate area have averaged a 4.07% CAP Rate over the past year, the property provides immediate cash flow with an opportunity to further improve cash flow by recapturing the projected rent upside. The building contains mostly copper plumbing while the owner has already upgraded the main electrical panel and completed the seismic retrofit repairs, helping a new investor to save on both insurance and maintenance expenses. Situated just one block from shopping and dining destinations along Foothill Boulevard, the property also provides tenants convenient access to Downtown Montrose, including Trader Joe's and the weekly Farmer's Market at The Montrose Shopping Park along Honolulu Avenue. Residents are drawn to the area's small town vibes, while still enjoying easy access to the job market and amenities of the Los Angeles metro area. Several highly-rated schools in the immediate area help to attract families and long-term tenants as well.

4439 Ocean View Blvd, Montrose

Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo - CA DRE#01357019 Selling Office: .

$1,255,000

Nestled in the foothills of Montrose, this inviting single-story home offers three bedrooms and two bathrooms across 1,454 square feet. With warm flooring, a cozy fireplace, and exposed beam ceilings, the living spaces radiate comfort. The kitchen is functional with ample cabinetry, and the home is filled with natural light. Outside, enjoy multiple patio areas, a peaceful yard featuring lemon and orange trees, and a detached garage perfect for storage or hobbies. Located near Montrose shopping, dining, and trails, this home offers a wonderful foothill lifestyle.

3 Beds ⋅ 2 Baths ⋅ SOLD Status

Nestled in the foothills of Montrose, this inviting single-story home offers three bedrooms and two bathrooms across 1,454 square feet. With warm flooring, a cozy fireplace, and exposed beam ceilings, the living spaces radiate comfort. The kitchen is functional with ample cabinetry, and the home is filled with natural light. Outside, enjoy multiple patio areas, a peaceful yard featuring lemon and orange trees, and a detached garage perfect for storage or hobbies. Located near Montrose shopping, dining, and trails, this home offers a wonderful foothill lifestyle.

2215 Crescent Ave, Montrose

Courtesy of The Hills Premier Realty, Frank Rivera - CA DRE#01899114 Selling Office: .

$862,000

A bright and spacious townhome located in a quiet, tree-lined Montrose neighborhood within an award-winning Blue Ribbon School District. One of only five units in this well-maintained complex, this 3-bedroom, 2.5-bath residence offers 1,662 SF of comfortable living space featuring hardwood floors, crown moldings, central AC, and abundant natural light throughout its desirable three-level floor plan.The dramatic family room showcases soaring 12-foot ceilings and a beautiful fireplace, creating an open and inviting atmosphere. The home has been lovingly maintained by a long-term owner and offers a wonderful opportunity for the next owner to add their own personal style and vision.Upstairs, you will find the master bedroom with walk-in closet and private bath, along with two additional bedrooms which share a second full bathroom. A convenient powder room is located on the main level. This unit also includes a laundry room with a side-by-side washer and dryer, as well as a private 2-car garage.Recent improvements include a brand-new roof (2026). The low $220/month HOA includes water. Located near Montrose shopping, dining, and parks, this is a unique opportunity to own a great home in one of the most desirable locations in Montrose. The personal belongings shown in the photo have been digitally removed.

3 Beds ⋅ 3 Baths ⋅ SOLD Status ⋅ Hermosa Oaks BLDG.

A bright and spacious townhome located in a quiet, tree-lined Montrose neighborhood within an award-winning Blue Ribbon School District. One of only five units in this well-maintained complex, this 3-bedroom, 2.5-bath residence offers 1,662 SF of comfortable living space featuring hardwood floors, crown moldings, central AC, and abundant natural light throughout its desirable three-level floor plan.The dramatic family room showcases soaring 12-foot ceilings and a beautiful fireplace, creating an open and inviting atmosphere. The home has been lovingly maintained by a long-term owner and offers a wonderful opportunity for the next owner to add their own personal style and vision.Upstairs, you will find the master bedroom with walk-in closet and private bath, along with two additional bedrooms which share a second full bathroom. A convenient powder room is located on the main level. This unit also includes a laundry room with a side-by-side washer and dryer, as well as a private 2-car garage.Recent improvements include a brand-new roof (2026). The low $220/month HOA includes water. Located near Montrose shopping, dining, and parks, this is a unique opportunity to own a great home in one of the most desirable locations in Montrose. The personal belongings shown in the photo have been digitally removed.

2741 Hermosa Ave Unit B, Montrose

Courtesy of Epique Realty, Julia Kim - CA DRE#01904440 Selling Office: .

$755,000

Welcome home to this 2 bed and 2 bath beautifully situated 1st floor single-level condo just moments from the heart of Montrose. Enjoy being close to local shops, restaurants, Trader Joe's, and the weekly farmers market, all within a highly walkable neighborhood. Inside, you'll find a bright and open layout with a spacious kitchen, generous storage, and a bar nook with sink hookup, which is perfect for everyday living or entertaining. The oversized primary suite offers an ensuite bath, dual closets, and peaceful views of your private patio. The second bedroom also has an ensuite bath, which doubles as a guest bath. Step outside to your own garden retreat, featuring a large patio and two generous planting beds. Additional conveniences include in-unit washer/dryer, refrigerator, elevator access, two parking spaces and an additional storage unit in a covered garage.

2 Beds ⋅ 2 Baths ⋅ SOLD Status ⋅ Mount View Terrace HOA BLDG.

Welcome home to this 2 bed and 2 bath beautifully situated 1st floor single-level condo just moments from the heart of Montrose. Enjoy being close to local shops, restaurants, Trader Joe's, and the weekly farmers market, all within a highly walkable neighborhood. Inside, you'll find a bright and open layout with a spacious kitchen, generous storage, and a bar nook with sink hookup, which is perfect for everyday living or entertaining. The oversized primary suite offers an ensuite bath, dual closets, and peaceful views of your private patio. The second bedroom also has an ensuite bath, which doubles as a guest bath. Step outside to your own garden retreat, featuring a large patio and two generous planting beds. Additional conveniences include in-unit washer/dryer, refrigerator, elevator access, two parking spaces and an additional storage unit in a covered garage.

2706 Honolulu Ave Unit 105, Montrose

Courtesy of Compass, Hannah Pilkington - CA DRE#02066257 Selling Office: .

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