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3030 Montrose AVE
LA CRESCENTA, CA 91214


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Property Remarks

MONTROSE VILLA - 3030 Montrose Avenue is a 38-unit luxury apartment community in the highly desirable city of La Crescenta, California. This offering presents a rare opportunity for investors to acquire a very well located, non-rent-controlled, upgraded apartment community with an approved condo tract map in one of the strongest submarkets in the Los Angeles County. The property is a two-story, above parking, beautifully landscaped garden style apartment that was built in 1973 and has undergone extensive renovation in the past years. It is comprised of three buildings with a center courtyard, fenced swimming pool, jacuzzi, and situated on a large 47,323 square feet (1.09 acre) lot size. The property has a quiet ambiance and surrounded by single-family houses, condominiums and other area amenities such as churches and retail stores. It offers an excellent unit mix of two (2) x 3 bedroom + 2 bathroom, twenty (20) x 2 bedroom + 1 bathroom, and sixteen (16) x 1 bedroom + 1 bathroom units. Each unit is large and bright with an attractive layout. The 3-bedroom unit has an estimated size of 1,050 SF, 2-bedroom unit has an estimated size of 800 SF, and the 1-bedroom unit has an estimated size of 650 SF. Upgraded units have laminate wood flooring, upg

Property Details

MLS#
AR17250311MR
Days on Market
10
Year Built
1973

Location

State
CA
County
Los Angeles
Area
La Crescenta/Glendale/Montrose/Sparr Heights

Presented By:

Listing provided courtesy of Handoko Chen , Growth Investment Group, Inc.


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Laundry
Community
Laundry Area
Other

Additional Property Details

Gross Operating Income
$885,610
Total Expense
$276,065
ADA Compliance
No

Community Features
Foothills
Suburban
Valley
AC/Cooling
Wall/Window
Heating
Wall

Glendale

One of the biggest cities within Los Angeles County, Glendale is an entity unto itself attracting big business, high-end shopping and a vibrant and active community.

Real Estate: Originally built out as a bedroom community with many single-family residences, Glendale real estate has expanded to include many condo and townhome developments. Neighborhoods include Adams Hill, Moorpark, Glenoaks Canyon, and Rossmoyne. Houses for sale here range from traditional Spanish and Craftsman to newer modern architecture.

Community Life: Glendale has many big city attractions. Americana at Brand offers world-class shopping and fine-dining in a luxurious outdoor setting. The retail experience goes on at the nearby Glendale Galleria and all along Brand Boulevard which is also home to the historic Alex Theater.

Education: This area is served by the Glendale Unified School District. Local elementary schools include Balboa Elementary, Cerritos Elementary, Horace Mann Elementary, and John Muir Elementary. There are three public middle schools in Glendale and two high schools as well as a continuing education high school and a home independent study program. Glendale Community College has a college-credit enrollment of about 25,000 day and evening students, and approximately 10,000 others are reached through the adult education program.

Transportation: Glendale is easily accessed by the 134, 2, and 5 Freeways. The Glendale Beeline offers transportation throughout the city. The Larry Zarian Transportation Center is an Amtrak and Metrolink rail station.

Local Attractions: Forest Lawn Memorial Park is a draw for being the resting place of many celebrities including Michael Jackson and it also features an art museum. Beautiful Brand Park includes the Brand Library &Art Center.

Community Explorer

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