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4439 Ocean View Boulevard, Montrose, CA 91020

Montrose
Local realty services provided by:CENTURY 21 Masters
4439 Ocean View Boulevard,Montrose, CA 91020
$5,900,000
  • 26 Beds
  • 20 Baths
  • 16,338 sq. ft.
  • Multi-family
  • Active
Listed by: roderick 'rick' raymundo
Office: marcus & millichap818-212-2700
MLS#:26827021
Source:CRMLS

Price summary

  • Price:$5,900,000
  • Price per sq. ft.:$361.12

About this home

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,...

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Home facts

  • Year built:1962
  • Listing ID #:26827021
  • Added:1 day(s) ago
  • Updated:April 30, 2026 at 11:28 AM

Rooms and interior

  • Bedrooms:26
  • Total bathrooms:20
  • Living area:16,338 sq. ft.

Structure and exterior

  • Year built:1962
  • Building area:16,338 sq. ft.
  • Lot area:0.45 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$5,900,000
  • Price per sq. ft.:$361.12
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