4439 Ocean View Blvd, Montrose, CA 91020
4439 Ocean View Blvd, Montrose, CA 91020
4439 Ocean View Blvd, Montrose, CA 91020
21
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$5,900,000
Est. payment /mo
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26 Beds
20 Baths
16,338 SqFt
Active

4439 Ocean View Blvd Montrose, CA 91020

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Valerie O'Donnell

Valerie O'Donnell

+1(702) 858-6162

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,338 sqft

Price per Sqft $361

MLS Listing ID 26827021

Bedrooms 26

Year Built 1962

Lot Size 0.452 Acres

Acres 0.4524

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area La Crescenta/Glendale/Montrose/Sparr Heights

Zoning LCR3YY

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Other

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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Valerie O'Donnell

Valerie O'Donnell

Real Estate Professional | RE.S.60078.LLC

+1(702) 858-6162

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4439 Ocean View Blvd