3933 Orangedale Ave, Montrose, CA 91020

Property Description

Prime duplex property located in the heart of Montrose, just two blocks from Honolulu Ave & Montrose Village. Featuring two detached homes with 1,832 square feet of combined living area on a large 8,295 square foot lot, 3933 Orangedale presents an exceptional opportunity for buyers, investors, and developers alike. The front house (3933 Orangedale) has 990 Sq Ft, 3 bedrooms, 1 bath, an oversized detached two-car garage, front porch, covered patio, LVP flooring throughout, and a private yard with citrus and avocado trees. The back house (3935 Orangedale) has 842 Sq Ft, 2 bedrooms, 1 bath, bonus room, large kitchen, dining area, updated LVP flooring, private garden, and abundant off-street parking. Ideal for an owner-occupant seeking a convenient lifestyle in a very desirable, walkable neighborhood near highly-ranked schools, dining, retail, amenities, and easy freeway access, while offsetting mortgage payments with consistent rental income. Perfect multi-generational living opportunity, guest house, or in-law unit set up. Mountain views seen from the property. Savvy investors may capture significant rental upside by updating both units and increasing rents to market rates. Consider converting the garage into a third unit (ADU) to truly maximize rental income. Developers take note of the zoning (LCR3YY), which may allow additional units to be built. Both units are currently occupied by long-term tenants on month-to-month leases. Please DO NOT disturb the occupants. Properties with superior locations like this don't hit the market often. Hurry before this one slips away! Owner pays water. Tenants pay all other utilities and landscaping. Both units are separately metered for gas and electric, washer/dryer hookups in both units. Both units rented month to month for $2,480 per month each ($4,960/mo total) with no recent rent increases.