Homes for sale - 4123 Ocean View BLVD, Montrose, CA 91020

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sun

Jan

Mon

Jan

Tue

Jan

Nick Resendez

nick.resendez@gmail.com +1(714) 271-2565

$ 1,895,000

Est. payment | -/mo

6 Beds

6 Baths

3,988 SqFt

Save

$ 1,895,000

Est. payment | -/mo

Save

6 Beds

6 Baths

3,988 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,988 sqft

Price per Sqft $475

MLS Listing ID 26639263

Bedrooms 6

HOA Y/N No

Year Built 1948

Lot Size 5,288 Sqft

Property Description

We are pleased to present 4123 Ocean View Boulevard, a six-unit multifamily property located in the Montrose community of unincorporated Los Angeles County within the La CrescentaMontrose area. The asset sits in a mature, supply-constrained residential pocket defined by long-term ownership, low transaction volume, and limited new multifamily development due to geography, zoning, and established neighborhood character. Constructed in 1948, the property consists of two wood-frame buildings totaling approximately 3,988 square feet on a 5,286 square foot infill parcel. The unit mix is clean and efficient, with all six units configured as one-bedroom, one-bathroom apartments averaging approximately 665 square feet, a layout that aligns well with Montrose renter demand and supports operational simplicity. The property has been held by the same ownership for nearly 30 years and represents a rare opportunity to acquire a small-scale Montrose asset that seldom comes to market. In-place rents are estimated to be approximately 20% below current market levels, providing clear organic upside within the existing regulatory framework under Los Angeles County RSTPO and AB 1482. Two units are intentionally vacant, offering a buyer immediate control over lease-up timing, renovation scope, and post-closing execution rather than inheriting below-market leases. The asset includes six total garages, with five accessed from the rear alley and one private garage directly connected to the front unit. One garage per unit is uncommon for small multifamily properties in this submarket, and the attached garage enhances livability, tenant retention, and rent durability. Ownership recently completed an insurance-driven electrical upgrade in January 2026, materially improving insurability and reducing near-term capital exposure. Physically constrained by the San Gabriel Mountains and surrounding incorporated cities, Montrose and the greater Crescenta Valley remain highly insulated from new supply. This barrier-to-entry dynamic has historically supported stable occupancy and durable rental demand, contributing to infrequent turnover and long-term value preservation.

Location

State CA

County Los Angeles

Area 635 - La Crescenta/Glendale Montrose & Annex

Zoning LCR3YY

Interior

Interior Features Ceiling Fan(s)

Fireplace No

Exterior

Parking Features Door-Single, Garage

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5807002028

Special Listing Condition Standard

Listed by Filip Niculete Marcus & Millichap

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

10

Valley View Elementary School

Public | KG - 6
10

Monte Vista Elementary School

Public | KG - 6
10

Palm Crest Elementary School

Public | KG - 6
10

La Canada Elementary School

Public | KG - 6
10

Paradise Canyon Elementary School

Public | KG - 6
9

Abraham Lincoln Elementary School

Public | KG - 6
9

John C. Fremont Elementary School

Public | KG - 6
8

Mountain View Elementary School

Public | KG - 5
8

Mark Keppel Elementary School

Public | KG - 5
8

La Crescenta Elementary School

Public | KG - 6
8

Mountain Avenue Elementary School

Public | KG - 6
7

Dunsmore Elementary School

Public | KG - 6
7

Verdugo Woodlands Elementary School

Public | KG - 6
4

Verdugo Academy

Public | KG - 12
0

Crescenta Valley Adventist School

Private | KG - 8
0

First Steps School

Private | PK - KG
0

Chamlian Armenian School

Private | 1 - 8
0

La Crescenta Montessori School

Private | PK - 2
0

St James the Less School

Private | PK - 8
0

Pennsylvania Avenue Infant Care

Private | KG - TKG

Middle Schools 5

9

Rosemont Middle School

Public | 7 - 8
7

Eleanor J. Toll Middle School

Public | 6 - 8
0

Holy Redeemer School

Private | 6 - 8
0

La Canada 7 /8 High School

Public | 7 - 8
0

Flintridge Preparatory School

Private | 7 - 12

High Schools 4

10

Anderson W. Clark Magnet High School

Public | 9 - 12
9

Crescenta Valley High School

Public | 9 - 12
7

Herbert Hoover High School

Public | 9 - 12
0

Flintridge Sacred Heart Academy

Private | 9 - 12

School and business data provided by Attom Data.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 271-2565

nick.resendez@gmail.com

4123 Ocean View BLVD Montrose, CA 91020