4439 Ocean View Boulevard

La Crescenta-Montrose CA 91020

16338 sq. ft.

19700 sq. ft.

Other

Last sold for $5,540,000

Roderick 'Rick' Raymundo, last sold this property on 31 July 2026 after 92 days on market.

Overview

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.

Features

26 bedrooms

20 bathrooms

16338 sq. ft. floor area

19700 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 26 bedroom other properties sold in La Crescenta-Montrose over the last 12 months.

Property history for 4439 Ocean View Boulevard

2026

Sold

$5,540,000

31 Jul 2026 by Roderick 'Rick' Raymundo, of Marcus & Millichap

Happy sellers in La Crescenta-Montrose

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