Montrose Homes with Mixed Use Subtype

Welcome to Montrose, California—a charming gem nestled in the heart of Los Angeles County. Known for its picturesque streets and vibrant community, Montrose seamlessly blends suburban tranquility with urban convenience. With its tree-lined avenues, quaint shops, and delightful eateries, this charming enclave offers a unique lifestyle that appeals to families, young professionals, and retirees alike.

Montrose is celebrated for its rich history and strong sense of community. The town boasts a variety of local events and festivals throughout the year, fostering connections among residents and creating a warm, inviting atmosphere. Nature enthusiasts will appreciate the nearby hiking trails of the San Gabriel Mountains, while those who enjoy shopping can explore the eclectic boutiques and farmer’s market that Montrose has to offer.

One of the standout features of Montrose real estate is its diverse housing options, particularly homes with a mixed-use subtype. These properties offer the perfect opportunity for those looking to combine residential living with commercial potential. Imagine living above your own café, boutique, or art studio, all while enjoying the comforts of home just steps away. This unique blend of residential and commercial space not only enhances your lifestyle but also provides a fantastic investment opportunity in a thriving community.

Whether you're seeking a cozy cottage, a modern townhouse, or a mixed-use property that allows you to live and work in harmony, Montrose has something for everyone. With its welcoming atmosphere, beautiful surroundings, and dynamic real estate options, Montrose is truly a place to call home. Come explore the possibilities and discover your dream property in this enchanting California town!

Newest Montrose Homes with Mixed Use Subtype

$2,595,000

GD26136915 MLS ⋅ Active Status

2520 Montrose Ave, Montrose, CA 91020 – Rare Value-Add Multifamily with Assumable Low-Rate Financing 3.64% Exceptional investment opportunity in tightly held Montrose. Charming 1947 3-structure property on a large 10,303 sq ft lot (LCR3 zoning, APN 5807-016-046) offers timeless architecture, strong income, and major upside. Blocks from Honolulu Ave shops/dining. Appx 5,502 sq ft (buyer verify), 11 units (mostly 1BD/1BA + 2BD owner’s w/ patio/garage). 8 parking, master metered. Proven Income + Huge Upside: Current 2026 rent roll: $17,177/mo ($206,124 annually). Vacant Unit gutted basement projected at $2,000/mo Stabilized Gross: Appx. $230,124/year. GRM at $2,595,000 list: 11.28 (excellent for value-add). Game-Changing Financing: Huge opportunity to assume existing loan at 3.64% (through November 2028). Creates significant positive cash flow from day one while executing value-add and ADU conversions—locking in low-cost capital in today’s rate environment. Massive Growth Potential: ADUs: Up to 3 additional units via conversions of existing space (basement + subdivided areas) per CA/LA County rules. Large lot supports future condo development/density. Upgrade units for market rents + legalize non-conforming for transformative returns. Units lease fast here. Premier Location & Schools: Top-rated Glendale Unified (Crescenta Valley HS A+, excellent elementaries). Perfect for families/long-term tenants. Amazing Opportunity at $2,595,000: Immediate cash flow via assumable low-rate loan, rapid leasing, beautiful architecture, and layered upside rarely found in Montrose. Buyer verify all. Contact for tour, rent roll, pro forma, loan assumption details & ADU plan. Move fast—this won’t last!

2520 Montrose Avenue, Montrose

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.