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
October 2, 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 | CA DRE# 01459596 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 10/2/2024