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2520 MONTROSE Avenue, Montrose, CA 91020

Property

For sale now

2520 MONTROSE Avenue is on the market at $2,595,000. See the current listing →

2520 MONTROSE Avenue, Montrose, CA 91020 Sold May 2018 CRMLS
$1,850,000Sold May 2018

Listing Agent: Darin Spillman (DRE #01366902) · Listing Office: Kidder Mathews of California, Inc. · Contact: 310-312-2800 · Bought with: Arthur Chalekian · Coldwell Banker C&C Properties · MLS #18310246 · Source: CRMLS

0
Bathrooms
10,303 sqft
Lot Size
1947
Year Built
Property
Type
NaturalGas
Heating

How this sale compares

2520 MONTROSE Avenue sold for $1,850,000 in May 2018, 27% under its $2,550,000 list price, after 105 days on the market. It was first listed at $3,300,000. Across 21 closed sales in 91020 over the last 12 months, the median sold price is $905,000 and the median is $580 per square foot.

$580
91020 median per sq ft (12 mo)
$905,000
91020 median sold price (12 mo)
21
Closed sales in 91020 (12 mo)
105
Days on market
−27%
Sold vs. list price
QuarterClosed sales in 91020Median sold price
Q1 20263$802,250
Q2 20268$1,097,500
Q3 202610$897,500

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Montrose · Homes for sale in 91020

About this property

23% Price Reduction. Seller is motivated! Located in Montrose, CA and within 3 blocks of Honolulu Avenue and downtown Montrose's unique small-town atmosphere that includes shopping, dining, and a strong sense of community.The property consists of 3 structures on one parcel. There are 11 units, of which ten are 1 bedroom 1 bath units and one is a 2 bedroom 1 bath owner's unit, with private patio and one-car garage. (Buyer to verify all square footages and conforming units).Situated on a 10,303 square foot lot with LCR3 zoning, there may be future development potential for the asset. The property is situated in an unincorporated area of L.A. County, without the limitations of rent control. There are 8 parking spaces. Units are master metered for all utilities.The property has many strengths: excellent location, decent lot size, and no rent control. Tremendous "value-add" potential exists for an investor to upgrade the units and raise rents to market.

Listing description from the May 2018 sale, as reported to CRMLS.

Sale history

$1,850,000
Sold May 2018 · listed $2,550,000, orig. $3,300,000, on market February 2018, 105 days on market · MLS #18310246 · Source: CRMLS
Listing Agent: Darin Spillman · Listing Office: Kidder Mathews of California, Inc. · Contact: 310-312-2800 · Bought with: Arthur Chalekian · Coldwell Banker C&C Properties

Recent sales near 2520 MONTROSE Avenue

MLS-reported closed sales in 91020, nearest first (last 12 months). All recent sales in Montrose →

Questions about 2520 MONTROSE Avenue

When did 2520 MONTROSE Avenue last sell?

2520 MONTROSE Avenue last sold in May 2018 for $1,850,000, according to CRMLS-reported closed sales.

What did 2520 MONTROSE Avenue sell for?

$1,850,000, 27% below the $2,550,000 list price, after 105 days on the market.

How does that compare to other Montrose sales?

21 homes closed in ZIP 91020 over the last 12 months at a median of $905,000 ($580 per square foot).

Is 2520 MONTROSE Avenue for sale now?

Yes — 2520 MONTROSE Avenue is currently on the market at $2,595,000. Open the current listing on Nalren for photos, details and the listing agent.

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