91020 Homes with Mixed Use Subtype

Welcome to the enchanting community of Montrose, California, nestled in the heart of Los Angeles County and defined by the zip code 91020. This charming neighborhood is a hidden gem, offering a delightful blend of suburban tranquility and urban convenience. Montrose is known for its picturesque tree-lined streets, vibrant local shops, and a strong sense of community that makes it a perfect place to call home.

One of the unique features of Montrose is its mixed-use zoning, which allows residents to enjoy a seamless integration of residential living and commercial opportunities. Homes in this area often come with the added benefit of mixed-use subtypes, providing homeowners with the chance to operate businesses right from their doorstep. Imagine living in a beautifully designed home while also having the convenience of a café, boutique, or studio just a few steps away! This feature not only enhances the lifestyle of residents but also supports a thriving local economy, fostering a vibrant community spirit.

The homes in Montrose are as diverse as its residents, ranging from charming bungalows to modern townhomes, each exuding character and warmth. With easy access to nearby parks, hiking trails, and the stunning San Gabriel Mountains, outdoor enthusiasts will find plenty of opportunities for adventure. Plus, the close-knit community hosts various events throughout the year, from farmers' markets to seasonal festivals, ensuring that there's always something exciting happening.

In Montrose, you don’t just find a home; you discover a lifestyle that beautifully balances work and play, making it an ideal place for families, entrepreneurs, and everyone in between. Come and explore the possibilities that await you in this vibrant corner of California!

Newest 91020 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.