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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$5,750,000

Est. payment - /mo

29 Beds

20 Baths

16,369 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 16,369 sqft

Price per Sqft $351

MLS Listing ID 26988503

Bedrooms 29

HOA Y/N No

Year Built 1963

Lot Size 0.723 Acres

Property Description

4447 Ocean View Boulevard is a well maintained 20 unit multifamily asset located in the highly desirable Montrose submarket of Los Angeles. Built in 1963 and situated on a generous 31,478 SF lot, the property offers an attractive blend of stability, scale, and rental upside in one of the most supply constrained pockets of the Crescenta Valley. The building totals 16,369 square feet and provides 26 on site parking spaces, a rare amenity for the area. The unit mix(11) one bedroom/one bath units and (9) two bedroom/one bath units caters to the strong demand from local renters seeking quality housing near top rated schools, walkable retail, and major employment corridors. Current rents remain meaningfully below market, with the rent roll showing an achievable 20% rental upside based on the pro forma schedule included in the financials demonstrating a clear value add pathway supported by comparable market rents. Positioned along the Ocean View Boulevard corridor, the property benefits from excellent accessibility to Montrose Shopping Park, the 210 and 2 freeways, and the broader Glendale La Canada employment basin. The immediate neighborhood is characterized by clean streets, mature landscaping, and a mix of single family homes and low density multifamily buildings an environment that consistently attracts long term tenants and supports premium rent levels. With its combination of scale, location, operational stability, and clear value add potential, 4447 Ocean View Boulevard represents a compelling opportunity for investors seeking durable cash flow and long term appreciation in one of Los Angeles' most coveted suburban communities. The property has two lots, APN# 5810-009-033 & 5810-009-031.

Location

State CA

County Los Angeles

Area 635 - La Crescenta/Glendale Montrose & Annex

Zoning LCR3YY

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Stone

Fireplaces Type Dining Room, Electric, Gas, Kitchen

Fireplace Yes

Appliance Gas Cooktop, Oven

Laundry Common Area

Exterior

Parking Features Covered, Detached Carport, On Street

Total Parking Spaces 26

Building

Story 1

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5810009033

Special Listing Condition Standard

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Listed by Tim Steuernol NAI Capital Commercial Inc. #01742766

NEARBY SCHOOL & BUSINESS

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4447 Ocean View BLVD Montrose, CA 91020