4545 Canoga Street, Montclair, California 91763, Montclair, 91763 - bed, bath
ACTIVE$1,399,000$5,030/sqft
4545 Canoga Street, Montclair, California 91763
0Bed
0Bath
5,030Sqft
8,512Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Robust Income Potential: A well-maintained five-plex with a diverse unit mix, including a potential owner's unit, boasts a history of rare vacancies and recently increased rents, ensuring strong cash flow and investment return.
Top Cons:
Limited Pre-Offer Due Diligence: The 'drive by only' instruction and requirement for offers subject to interior inspection restrict initial due diligence, potentially concealing unforeseen interior conditions or tenant-related issues.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1963 (63 years old).
Condition: The property, built in 1963, is over 60 years old. While major systems like the electrical panel, roof, and water heater have been recently updated, indicating essential maintenance, the exterior image reveals a dated aesthetic and the presence of window air conditioning units, suggesting an older cooling system. Crucially, the lack of interior images and the 'drive by only' instruction strongly imply that the interior, including kitchens and bathrooms, is likely very outdated and would require substantial renovation to meet modern standards. The property is aged and maintained in key areas, but requires significant cosmetic and functional updates throughout the living spaces.
Year Built
1963
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$278
HOA
$210
Days on market
-
Sold On
-
MLS number
IG26010456
Home ConditionFair
Features
Patio
View-
About this home
Five plex front unit 3 bedroom 1 3/4 baths fireplace , patio could be owner's unit. 4 condo style apartments with 2 bedrooms and one full bath upstairs 1/2 bath downstairs. Each have their own private patios, 5 car garage. New electrical panel. Newer roof, water heater and separate meters for gas and electric tenants pay. HOA takes care of front landscaping. Centrally located between 60 and 10 freeways and incredible shopping at Montclair Plaza, Costco, and Target. Rarely a vacancy. Seller just finished many improvements. Do not walk on property drive by only. Make offer subject to interior inspection. Buyer to cooperate a 1031 exchange with no cost to buyer. Rents were raised in January 2025.
R
Renee Stefanoff
Listing Agent
Condition Rating
Fair
The property, built in 1963, is over 60 years old. While major systems like the electrical panel, roof, and water heater have been recently updated, indicating essential maintenance, the exterior image reveals a dated aesthetic and the presence of window air conditioning units, suggesting an older cooling system. Crucially, the lack of interior images and the 'drive by only' instruction strongly imply that the interior, including kitchens and bathrooms, is likely very outdated and would require substantial renovation to meet modern standards. The property is aged and maintained in key areas, but requires significant cosmetic and functional updates throughout the living spaces.
Pros & Cons
Pros
Robust Income Potential: A well-maintained five-plex with a diverse unit mix, including a potential owner's unit, boasts a history of rare vacancies and recently increased rents, ensuring strong cash flow and investment return.
Significant Capital Expenditure Mitigation: Recent upgrades to major systems, including a new electrical panel, newer roof, and water heater, along with other seller improvements, substantially reduce immediate capital outlay for the buyer.
Tenant-Centric Amenities & Operational Efficiency: Features like private patios, a five-car garage, and separate utility meters for tenants, combined with HOA-managed front landscaping, enhance tenant appeal and minimize landlord operational costs.
Strategic Location & Accessibility: Positioned centrally between major freeways (60 and 10) and in close proximity to key retail hubs like Montclair Plaza, Costco, and Target, ensuring high tenant demand and convenience.
Proven Occupancy & Demand: The property's history of 'rarely a vacancy' underscores its desirability and strong market demand, providing stability and reliability for an investor.
Cons
Limited Pre-Offer Due Diligence: The 'drive by only' instruction and requirement for offers subject to interior inspection restrict initial due diligence, potentially concealing unforeseen interior conditions or tenant-related issues.
Transactional Complexity (1031 Exchange): The seller's requirement for buyer cooperation in a 1031 exchange, while stated as 'no cost to buyer,' introduces an additional layer of transactional complexity and potential timeline constraints.
Property Age & Unseen Conditions: Built in 1963, despite recent major system upgrades, the property's age combined with restricted interior access means there could be underlying issues or deferred maintenance in other areas not explicitly mentioned as improved.