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4439 Ocean View Blvd, 
Montrose, CA 91020

$5,900,000


26

Beds


20

Baths


16,338

Sq Ft


Multi-Family

Active

Listed by

Roderick 'Rick' Raymundo

Marcus & Millichap

818-212-2700

Last updated:

May 24, 2026, 02:19 PM

MLS#

26827021

Source:

CA CLAW

About This Home

4439 Ocean View Blvd

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.

Home Facts

Multi-Family

20 Baths

26 Bedrooms

Built in 1962

Price Summary

5,900,000

$361 per Sq. Ft.

MLS #:

26827021

Last Updated:

May 24, 2026, 02:19 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

26

Bathrooms

Total Bathrooms:

20

Interior

Living Area:

16,338 Sq. Ft.


Structure

Structure

Year Built:

1962


Lot

Lot Size (Sq. Ft):

19,700


Finances & Disclosures

Finances

Price:

$5,900,000

Price per Sq. Ft:

$361 per Sq. Ft.

Source:CA CLAW
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.