Montrose, CA 91208,3520 Market ST
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Montrose, CA 91208,3520 Market ST
Montrose, CA 91208,3520 Market ST
Montrose, CA 91208,3520 Market ST
Montrose, CA 91208,3520 Market ST

$1,565,000

Est. payment /mo

$1,500,000

4.3%
Est.Price: ?

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3520 Market ST Montrose, CA 91208

5,227 Sqft Lot

SOLD DATE : 04/22/2021

Key Details

Sold Price $1,565,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SC21063257

Sold Date 04/22/21

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1950

Lot Size 5,227 Sqft

Property Description

91208! Meticulously maintained 4-unit complex in the heart of MONTROSE! Nested under a giant oak tree, each unit consists of 1 bedroom/1 bath with a galley kitchen, comfortable living area with A/C, and generous bedroom/bathroom with built in storage. These units have been cared for by the current owners for over 40 years and the pride of ownership shows. A classic 50?s era building with a construction quality that reinforces the saying ?they don?t build 'em like they used to," this building is extremely clean. Mechanical upgrades including copper piping, Milguard windows, sewer and other utility enhancements, hardscaped throughout, auto-sprinklers, and fresh paint. With some units sharing a blend of refinished red oak floors, granite counters, updated kitchens and baths, and some retaining their original 50?s character, these well appointed spaces offer a turnkey operation for the new owner. The rear bricked patio provides a tranquil space with the oak tree canopy providing a welcome respite on those hot days. Two double garages at the rear of the property provide alley access and ample parking for the building. Currently separately leased, the garages provide additional income and flexibility in the future with the C3-l zoning. 2020 gross scheduled rents were just under $90,000. A great long-term investment for the scrutinizing buyer; this building will not disappoint! Close proximity to shopping, the new USC Verdugo Hospital, Farmers Market, freeways, and services.

Location

State CA

County Los Angeles

Area 635 - La Crescenta/Glendale Montrose & Annex

Zoning GLC3*

Interior

Interior Features Granite Counters

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Tile, Vinyl, Wood

Fireplaces Type Kitchen, Outside

Fireplace Yes

Laundry None

Exterior

Exterior Feature Rain Gutters

Parking Features None

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks, Urban

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Total Parking Spaces 4

Private Pool No

Building

Lot Description 16-20 Units/Acre

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5615008014

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Danny Sullivan • Sullivan & Associates Real Est
Bought with George Koronaios • Coldwell Banker Residential

Trevor Smith

Real Estate Broker | License ID: DRE 01700986

+1(858) 539-9999

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