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3517 Montclair Street presents a rare opportunity to acquire an eight 700 SF bungalow-style units in the rapidly revitalizing West Adams and Jefferson Park corridor. The units are arranged around an open central courtyard,offering inherent charm, strong renter appeal, and great in-place income supported by a current 5.87% cap rate. 3 units can be delivered vacant, and there are 2 garages which have the potential to be converted, one of which has recently been fully remodeled and in brand new condition. With a low cost basis of $203,125 per unit and $296 per square foot, investors gain immediate cash flow with clear upside through rental growth and optional ADU conversion of two existing garages. The surrounding neighborhood continues to benefit from new dining, transit improvements, and active mixed-use development, positioning this asset for durable long-term appreciation.
Property Type(s):
Residential Income
| Last Updated | 3/12/2026 | Year Built | 1923 |
|---|---|---|---|
| Community | C16 - Mid Los Angeles | County | Los Angeles |
Price History
| Prior to Feb 10, '26 | $1,450,000 |
|---|---|
| Feb 10, '26 - Mar 12, '26 | $1,700,000 |
| Mar 12, '26 - Today | $1,625,000 |
Additional Details
| AREA | C16 - Mid Los Angeles |
|---|---|
| LOT | 0.2524 acre(s) |
| LOT DIMENSIONS | 10994 |
| PARKING | None |
| STORIES | 1 |
Location
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Listed with Zacuto Group
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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