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2547 Piedmont Avenue, Montrose, California 91020, Montrose, 91020 - bed, bath

2547 Piedmont Avenue, Montrose, California 91020 home-pic-0
ACTIVE$1,448,000
2547 Piedmont Avenue, Montrose, California 91020
0Bed
0Bath
2,068Sqft
7,566Lot
Year Built
1923
Close
-
List price
$1.45M
Original List price
$1.5M
Price/Sqft
$700
HOA
-
Days on market
-
Sold On
-
MLS number
BB25104850
Home ConditionFair
Features
Good View:
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.45M(67th), sqft - 2068(33th), beds - undefined(50th), baths - undefined(50th).

Back on the Market! Welcome to this rare three-unit property in the desirable Montrose neighborhood, just a short walk to Honolulu Avenue’s shops, restaurants, Trader Joe’s, and the popular Sunday farmer's market. Spanning two streets—Piedmont and Manhattan—this unique property offers charm, flexibility, and great potential. The main home on Piedmont, is now vacant, is a detached 2-bed, 1-bath with a remodeled bonus room (approx. 200 sq ft). Upgrades include new stucco, updated flooring, recessed lighting, upgraded kitchen, and a 200-amp panel. Enjoy mountain views, a private patio, and a detached one-car garage—perfect for potential ADU conversion. Utilities are separately metered. The duplex on Manhattan offers two 1-bed, 1-bath units. The upper unit features mountain views, a private deck, newer carpet & laminate, and water heater. The lower unit includes a remodeled bath, new floors, and mountain views from the dining area. The duplex has its own meters, carport, and extra parking—plus ADU potential. Located in unincorporated Montrose, permits go through the San Gabriel Valley office for added convenience. Surrounded by top-rated schools and near the 210, 2, and 134 freeways, this is a fantastic opportunity to live in one unit, build an ADU, and earn rental income

Price History

Date
Event
Price
08/02/25
$1,448,000
05/12/25
$1,499,000
Condition Rating
Fair
The property, built in 1923, is a triplex with varying levels of renovation. The main house has been extensively updated with modern flooring, recessed lighting, an upgraded kitchen (modern cabinets, stainless steel appliances, clean countertops), and a contemporary bathroom with new fixtures and tiling. However, the duplex units, while featuring newer laminate flooring, show significantly outdated kitchens with tile countertops and older cabinets, and bathrooms that appear to have only minor refreshes rather than full modern remodels. These outdated elements in two of the three units mean the property as a whole would require minor updates or repairs, particularly in the kitchens and bathrooms of the duplex, to meet current aesthetic standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Income-Generating Triplex: A rare three-unit property offering significant rental income potential, ideal for investors or owner-occupants seeking supplementary income.
Highly Desirable Location: Situated in the walkable Montrose neighborhood, steps away from popular shops, restaurants, Trader Joe's, and the Sunday farmer's market.
Significant ADU Potential: Multiple opportunities for Accessory Dwelling Unit (ADU) conversion (main house garage, duplex potential) to maximize property value and rental yield.
Recent Unit Upgrades: Key units feature recent remodels including updated kitchens, flooring, stucco, and electrical panels, reducing immediate capital expenditure for a buyer.
Separately Metered Utilities: All units have individual utility meters, simplifying tenant management and ensuring fair billing for residents.

Cons

Property Age: Built in 1923, the property may present inherent challenges associated with older construction, such as potential for unseen infrastructure issues despite recent cosmetic upgrades.
Unincorporated Permitting Process: Being in unincorporated Montrose means permits are processed through the San Gabriel Valley office, which could introduce unfamiliarity or different procedures for future development or renovations compared to city-specific processes.
Recent Price Reduction & Market Re-entry: The property is 'Back on the Market' with a recent price reduction, which might raise questions for potential buyers regarding previous transaction issues or initial overpricing.

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