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4642 Canoga Street, Montclair, California 91763, Montclair, 91763 - bed, bath

4642 Canoga Street, Montclair, California 91763 home-pic-0
ACTIVE$1,180,000
4642 Canoga Street, Montclair, California 91763
0Bed
0Bath
4,706Sqft
7,257Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Quadruplex: This property is a quadruplex, offering significant income potential as a multi-family asset, ideal for investors seeking consistent rental revenue.
Top Cons:
Limited Interior Inspection: The 'drive by only' and 'do not disturb tenants' instruction restricts initial interior inspection, potentially masking unforeseen maintenance issues or the true condition of the units.

Compared to the nearby listings

Price:$1.18M vs avg $1.15M (+$25,500)50%
Size:4,706 sqft vs avg 4,350 sqft50%
Price/sqft:$251 vs avg $26750%

More Insights

Built in 1964 (61 years old).
Condition: Built in 1964, this property is 60 years old. The exterior images show an aged building with a functional but dated appearance and some deferred landscaping maintenance. Crucially, there are no interior images or details regarding renovations, kitchen appliances, bathroom conditions, or other interior features. Given its age and status as a rental property with long-term tenants, it's highly probable that the interiors, including kitchens and bathrooms, are original or have only received basic, outdated updates to remain functional. The property is likely maintained enough for habitability, but major components are expected to be functional yet show significant signs of being outdated, aligning with the 'Fair' condition criteria. Without interior access, a higher score cannot be justified, and the property does not appear to be in a 'Poor' or 'Tear-down' state based on the exterior and description of reliable tenancy.
Year Built
1964
Close
-
List price
$1.18M
Original List price
$1.2M
Price/Sqft
$251
HOA
-
Days on market
-
Sold On
-
MLS number
WS25181416
Home ConditionFair
Features
Patio
View-

About this home

This is a great opportunity to own a quadruplex in the prime location of Montclair. Centrally located between the 60 and 10 freeways, this property offers excellent commuter access and is just minutes from shopping, dining, schools, and public transportation. This is a great location for tenants and renters due to its convenience. This unique property features a standalone front unit offering 3 bedrooms and 2 bathrooms, perfect for an owner-occupant or expanded rental income. Rare find to be able to live in the spacious front unit while renting out the three additional units in the rear. The rear units are tenant-occupied with long-term renters who consistently pay rent on time, providing reliable income from day one. Property has separate electric and gas meter and each unit has their own garage located in the rear of the property. There's an alleyway in the back to enter the garage. This is a rare chance to secure a well-located, low-maintenance multi-family asset in one of Montclair’s most desirable neighborhoods. Live in one unit or lease all four—either way, it's a great investment! Please do not disturb the tenants and do not enter the property. Drive by only and is subject to interior inspection.

Condition Rating
Fair
Built in 1964, this property is 60 years old. The exterior images show an aged building with a functional but dated appearance and some deferred landscaping maintenance. Crucially, there are no interior images or details regarding renovations, kitchen appliances, bathroom conditions, or other interior features. Given its age and status as a rental property with long-term tenants, it's highly probable that the interiors, including kitchens and bathrooms, are original or have only received basic, outdated updates to remain functional. The property is likely maintained enough for habitability, but major components are expected to be functional yet show significant signs of being outdated, aligning with the 'Fair' condition criteria. Without interior access, a higher score cannot be justified, and the property does not appear to be in a 'Poor' or 'Tear-down' state based on the exterior and description of reliable tenancy.
Pros & Cons

Pros

Income-Generating Quadruplex: This property is a quadruplex, offering significant income potential as a multi-family asset, ideal for investors seeking consistent rental revenue.
Prime Location & Commuter Access: Centrally located between the 60 and 10 freeways, it provides excellent commuter access and is minutes from shopping, dining, schools, and public transportation, enhancing tenant appeal.
Owner-Occupant Opportunity: The standalone front unit (3 beds, 2 baths) allows for an owner-occupant to live on-site while generating substantial rental income from the three additional units.
Established & Reliable Tenancy: The rear units are occupied by long-term, on-time paying tenants, ensuring reliable income from day one and reducing immediate vacancy concerns.
Separate Utilities & Private Garages: Each unit benefits from separate electric and gas meters, simplifying utility management for the landlord, and individual garages accessible via an alleyway, a valuable amenity for tenants.

Cons

Limited Interior Inspection: The 'drive by only' and 'do not disturb tenants' instruction restricts initial interior inspection, potentially masking unforeseen maintenance issues or the true condition of the units.
Age of Property (1964): Built in 1964, the property may have aging systems (e.g., plumbing, electrical) or require significant updates to meet modern standards, potentially incurring future capital expenditures.
Ongoing Tenant Management: While current tenants are reliable, managing four separate units and multiple tenants inherently involves more time and effort for maintenance, lease renewals, and potential turnover compared to single-family properties.

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