Sold

2323 Florencita Ave

Montrose CA, 91020

$2,500,000


$475.65 per sqft

Sold

12 Beds

6 Baths

5,256 sqft

Multi-family

Built in 1985

We are pleased to present 2323 Florencita Ave, a six-unit multifamily property located in the highly coveted city of Montrose, adjacent to both La Crescenta and La Canada Flintridge. Offered for sale for the first time in almost 40 years, this property represents a rare investment opportunity in Montrose where multifamily properties rarely transact. This property is an ideal choice for investors seeking property in an unparalleled location with the opportunity to capture over 54% rental upside. Constructed in 1985, this two-story property spans 5,256 square feet and is comprised of six 2-bedroom/1-bathroom units. These spacious floor plans are suitable for family living, and all units have been renovated at different dates. Each unit is also equipped with central HVAC and separate meters for gas and electricity. All units have private patios and balconies with one unit on the second floor having a very large patio. There are 12 on-site parking spaces split between car port and tuck-under parking, on-site laundry room, and private storage cabinets. The property sits on a 9,094 square foot lot and is zoned LCR3.Situated north of Honolulu Avenue and west of Ocean View Blvd, 2323 Florencita Avenue is conveniently located within minutes from the 210 and 2 Freeways, offering commuters ease of access throughout Los Angeles County. Moreover, and most importantly, the property is one block from Montrose Village Square along Honolulu Boulevard. This area is Montrose's historic Main St. with over 200 independently owned local businesses that offer shoppers high quality gifts, retail merchandise, casual and fine dining, coffee shops, and much more. The property's proximity to Village Square ensures a high demand for rental units in one of the most sought-after neighborhoods to live and raise a family in Los Angeles County.

24-402721

MLS ID

June 14, 2024

Listed

July 13, 2024

Updated

Map

2323 Florencita Ave
Montrose CA, 91020

Interior Features

Total Stories

1


Bedrooms

12


Total Bathrooms

6


Appliances

None


Laundry Description

Community


Fireplace

No


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.21 Acres

Other Property Details

Area Name

La Crescenta/Glendale/Montrose/Sparr Heights


Days on Market

15


Garage

No


Parking

Covered Parking, Carport, Uncovered


Parking Total

12


View

No


County

Los Angeles


Pool

No


Zoning

LCR3YY

Listing History

Date

Event

Price

7/10/2024

Sold

$2,500,000

7/1/2024

Under Contract

Listed by Sevak Keshishian with Marcus & Millichap
Listing Contact: 818-726-0922 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Cari Field Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 7/13/2024

Powered byLuxury Presence