Exceptional Multi-Family Investment Opportunity in Montclair! Discover the rare opportunity to own a 4-unit complex at 5163 Canoga Street in the heart of Montclair. This well-maintained property offers four spacious units, each featuring 2 bedrooms and 1 bath. The units are currently occupied by long-term, stable tenants, making this an excellent investment with the potential to increase income by stabilizing rents and achieving a strong cap rate. The property has been thoughtfully updated, with the entire roof recently replaced, ensuring minimal maintenance for years to come. The complex also benefits from copper plumbing throughout and a newer water heater, adding to the overall value and appeal. Some of the kitchen cabinets have been remodeled, offering a modern touch that enhances the living experience for tenants. Each unit comes with its own single-car garage, conveniently located at the rear of the property with alley access, while ample street parking is available for guests. An on-site laundry room, equipped with an owned washer and dryer, provides additional convenience for residents. Situated in a prime location, the property is just moments away from Central Avenue, the 10 Freeway, and Montclair Plaza, making it ideal for tenants seeking easy access to shopping, dining, and entertainment. Families with children will also appreciate the excellent Montclair schools nearby. This property presents a unique opportunity to invest in a stable, income-generating asset with significant potential for rent growth. Showings are available upon submission of an offer, subject to interior inspection. Don't miss your chance to secure this exceptional investment property in a highly desirable Montclair location!
Property Details
Property Features
Property Information:
Year Built: 1958
Stories: 2
Listing Office:
Office Name: RE/Max Time
Office Phone: (323) 314-3998
Listing Agent: Erika Shinzato
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 4 spaces
Parking: Garage
Lot Features
Lot Information:
Lot: Lawn
Lot Size: 0.17 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: W/Central Avenue, N/ Holt Blvd
Price Information
Listing Price Info
Price Summary:
List Price: $1,200,000
Tax Information:
Annual Amount: $5,654
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Montclair, CA.
This property is $540K more than the Median Sold Price in Montclair, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #AR24167818
Listing Office:
Office Name: RE/Max Time
Office Phone: (323) 314-3998
Listing Agent: Erika Shinzato
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 09, 2010
Jul 09, 2010Home Sold
$430,000
Apr 05, 2006
Apr 05, 2006Home Sold
$620,000
Jul 16, 2002
Jul 16, 2002Home Sold
$280,000
Jun 14, 2001
Jun 14, 2001Home Sold
$240,000
Apr 02, 1998
Apr 02, 1998Home Sold
$566,045
Apr 27, 1990
Apr 27, 1990Home Sold
$280,000
Aug 08, 1989
Aug 08, 1989Home Sold
$57,000
Aug 08, 1989
Aug 08, 1989Home Sold
$171,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$5,654
$508,955
2020
$5,507
$503,736
2019
$5,430
$493,859
2018
$5,236
$484,175
2017
$5,029
$474,681
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Montera Elementary School
4825 Bandera St
Distance between this listing and this school0.37 miles
Public District Grades KG-6
9
/10
Monte Vista Elementary School
4900 Orchard St
Distance between this listing and this school0.45 miles
Public District Grades KG-6
5
/10
Kingsley Elementary School
5625 Kingsley St
Distance between this listing and this school0.58 miles
Public District Grades KG-6
Nearby Schools
4
/10
Vernon Middle School
9775 Vernon Ave
Distance between this listing and this school0.86 miles
Public District Grades 7-8
7
/10
Serrano Middle School
4725 San Jose St
Distance between this listing and this school1.41 miles
Public District Grades 7-8
7
/10
Oaks Middle School
1221 S Oaks Ave
Distance between this listing and this school1.41 miles
Public District Grades 7-8
Nearby Schools
7
/10
Montclair High School
4725 Benito St
Distance between this listing and this school0.71 miles
Public District Grades 9-12
2
/10
Park West High (Continuation)
1460 W Holt Ave Ste 100
Distance between this listing and this school1.64 miles
Public District Grades 9-12
5
/10
School of Extended Educational Options
1460 E Holt Ave Ste 128
Distance between this listing and this school1.75 miles
The neighbors living near this home have an average income of $46,518. Residents of Montclair, CA typically earn between $35k-100k each year. Most families are married, with kids. The most common level of education of people living in this area is high school diploma.
This home is located at 5163 Canoga St in Montclair, CA and zip code 91763. This home, which was built in 1958, sits on a 0.17 acre lot. It has been listed on Rocket Homes since August 14, 2024 and is currently priced at $1,200,000.
Over 6 listings were sold over their listed price in October 2024 in Montclair, CA. In the same period over 1 listings were sold below the listed price and 4 listings were sold for the listed price. The inventory of homes for sale in Montclair, CA between September 2024 and October 2024 decreased by 26.1%. While the average time on the market in October 2024 was 21 days, the median list price was $660,000.
From Rocket Homes Real Estate and based on county public records data.