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  • 4439 Ocean View Boulevard

4439 Ocean View Boulevard, Montrose, CA 91020

$5,900,000 Approx. USD 26 beds, 20 baths
16,338 sqft
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Photo of Joe Stubbins

Joe Stubbins REALTOR® - Sales Associate 805-729-0778 m
805-729-0778 o
Lic#: 01002182
NRDS ID: 199500010
jstubbins7@gmail.com Text Me
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Lic#: 01002182
NRDS ID: 199500010
jstubbins7@gmail.com Montecito Office
1170 Coast Village Rd
Montecito, CA 93108
Phone: 805-969-5026
Fax: 805-969-4982
 Montecito 1170 Coast Village Rd
Montecito, CA 93108
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Fax: 805-969-4982
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Roderick 'Rick' Raymundo | Rick.Raymundo@MarcusMillichap.com
Lic#: 01357019
Broker: Courtesy of Marcus & Millichap
Phone: 213-943-1855

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26827021
Price: $5,900,000
Beds: 26
Baths: 20
Built in 1962
16,338 sqft
2 stories
0.45 acres
Lot size: 0.4522
County: Los Angeles
Zoning: LCR3YY
MLS area: 635 - La Crescenta/Glendale Montrose & Annex

Last Updated: 5/7/2026

 Days On Market (DOM): 52

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This listing belongs to the 635 - La Crescenta/Glendale Montrose and Annex MLS area

Lat/Long: 34.216298, -118.228337.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Joe Stubbins

Joe Stubbins REALTOR® - Sales Associate 805-729-0778 m
805-729-0778 o
Lic#: 01002182
NRDS ID: 199500010
jstubbins7@gmail.com Text Me
Call My Cell
Call My Office
Lic#: 01002182
NRDS ID: 199500010
jstubbins7@gmail.com
Montecito Office
1170 Coast Village Rd
Montecito, CA 93108
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