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$1,600,000   Price Analysis
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2551 Piedmont Ave
Montrose, CA 91020
5 bed 3 bath 2,417 SqFt ($661/SqFt)
7,313SqFt lot. Built 1941
Listed 2024-06-10, Taxes $9,762
Ⓧ USDA Ineligible
due to price & location

near Montrose

Lovely triplex in charming Montrose.

The APN is for all th ree units, even though the back units are actually on Manhattan. 2551 Piedmont is a single family home with a one-car garage. 2544 and 2542 Manhattan are the back units, each are one bed and one bath, with their own carport space.

2551 Piedmont and 2544 Manhattan wre renovated in 2019 and 2020 respectively. Great income opportunity or for someone to live on site and rent the others out. All tenants are now month to month, but would love to stay, if that is possible. Tours must be scheduled to accomodate the tenants.


Presented by Brenna Van Hoogenstyn at
Harcourts Prime Properties.


Property MLS #OC24096884 from CRMLS

Bedrooms: 5

Tile Counters
Window Features: Double Pane Windows

Appliances: Dishwasher, Disposal
Appliances YN: Yes
Laundry Features: Common Area, In Garage

Kitchen, Living Room, Walk-In Pantry

Cooling Features: Central Air
Fireplace Features: Wood Burning
Heating Features: Central
Heating: Yes

Full Bathrooms: 3

Carport Spaces: 2
Garage Spaces: 1
Parking Features: Parking YN: Yes, Parking Features: Assigned, Carport, Driveway Up Slope From Street, Garage
Parking Total: 6

Lot Description: Sloped Down, Front Yard
Lot Size Acres: 0.1678834
Lot Size Source: Assessor
Lot Size Square Feet: 7313

Number of Units: 3
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Unit-1 Garage Spaces: 1

Calculated Total Monthly Association Fees: 0
Maintenance Expense: 2126.40

Number of Units Leased: 3
Rent Control: Yes

Community Features: Urban

Source Listing Status: Active
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 1021.60
Area: 635 - La Crescenta/Glendale Montrose & Annex
Source Neighborhood: 635 - La Crescenta/Glendale Montrose & Annex
Number of Separate Water Meters: 2
Parcel Number: 5807017036
Postal Code Plus 4: 1809
Zoning: LCR2YY
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$170,752 + $683,024
$853,776
$9,762
2021$167,404 + $669,632
$837,036
$9,591
2020$165,688 + $662,766
$828,454
$9,455
2019$162,440 + $649,771
$812,211
$9,230
2018$159,255 + $637,031
$796,286
$9,028
2017$156,133 + $624,541
$780,674
$8,890
2016$153,072 + $612,296
$765,368
$8,609
2015$150,773 + $603,099
$753,872
$8,428
2014$147,820 + $591,286
$739,106
$8,368
2013$147,152 + $588,614
$735,766
$8,185
2012$144,267 + $577,073
$721,340
$8,074
2010$141,439 + $565,758
$707,197
$7,784
2009$140,716 + $562,864
$703,580
$7,875
2009$140,382 + $561,530
$701,912
$7,875
2008$137,957 + $551,828
$689,785
$7,698
2007$135,252 + $541,008
$676,260
$7,569

Listed 2024-06-10
$1,600,000
CRMLS
Sold 2004-08-19
$650,000
Public Record
Sold 1980-03-21
$80,000
Public Record

Net Operating Income: 42154.33

Total Square Feet Living: 2417
Year Built: 1941
Building Features: 2
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: street
Property Age: 83
Property Attached: Yes
Roof: Metal
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Triplex

Electric Expense: 2257.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
Water Source: Public

John C. Fremont Elementary School is a public elementary school located approximately 0.8 miles away.
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Crescenta Valley High School is a public high school located approximately 1 miles away.
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Rosemont Middle School is a public middle school located approximately 1 miles away.
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Montrose Christian Montessori School is a private elementary school located approximately 0.2 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.