808-280-1123

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4439 Ocean View Boulevard, Montrose, CA 91020

$5,900,000 Approx. USD 26 beds, 20 baths
16,338 sqft

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Photo of Danielle Travis

Marketed By Danielle L. Travis REALTOR® - Sales Associate 808-280-1123 m
808-280-1123 o
Lic#: 02156868
NRDS ID: 20156868
DanielleTravis@bhhscal.com Santa Barbara Office
3868 State St
Santa Barbara, CA 93105
Phone: 805-687-2666
Fax: 805-563-0053

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Listing Agent

Roderick 'Rick' Raymundo | Rick.Raymundo@MarcusMillichap.com
Lic#: 01357019
Broker: Courtesy of Marcus & Millichap
Phone: 213-943-1855

Agent Remarks

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, helping a new investor to save on both insurance and maintenance expenses. Situated just one block from shopping and dining destinations along Foothill Boulevard, the property also provides tenants convenient access to Downtown Montrose, including Trader Joe's and the weekly Farmer's Market at The Montrose Shopping Park along Honolulu Avenue. Residents are drawn to the area's small town vibes, while still enjoying easy access to the job market and amenities of the Los Angeles metro area. Several highly-rated schools in the immediate area help to attract families and long-term tenants as well.

Listing Details

Property type: (Multi-Family)

Status: Pending

MLS# 26827021

Price: $5,900,000

Beds: 26

Baths: 20

Built in 1962

16,338 sqft

2 stories

0.45 acres

Lot size: 0.4522

County: Los Angeles

Zoning: LCR3YY

MLS area: 635 - La Crescenta/Glendale Montrose & Annex

Last Updated: 6/26/2026

Days On Market (DOM): 43

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This listing belongs to the 635 - La Crescenta/Glendale Montrose and Annex MLS area

Lat/Long: 34.216298, -118.228337.
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Previous Listing

Photo of Danielle Travis

Danielle L. Travis REALTOR® - Sales Associate 808-280-1123 m
808-280-1123 o
Lic#: 02156868
NRDS ID: 20156868
DanielleTravis@bhhscal.com
Santa Barbara Office
3868 State St
Santa Barbara, CA 93105