12324 Montana Ave LOS ANGELES, CA 90049
- $6,400,000
- 18 bd
- 18 ba
- 12,209 sqft
- 10,481 lot
- Est payment $34356.58/mo
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Property Information
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18 Beds
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18 Baths
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12,209 Sq. Ft.
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10,481 Lot
Multi-Family in Los Angeles
First time ever on the market, 12324 Montana Avenue features 10 large and unique apartment homes housed in a beautiful Mid-Century-Modern style building located in prime Brentwood. Adjacent to the Brentwood Country Club and surrounded by luxury condos and multi-million-dollar homes, the 1958 two-story building showcasing its distinctive Butterfly-Roof was originally designed by Alfred T. Wilkes, whose homes can be found in Bel-Air, Holmby Hills & Hancock Park. The building's dramatic V-shaped silhouette makes it a standout and provides a striking alternative to the surrounding traditional roof designs. The building features an ideal unit mix of (6) 2br+2ba units, (2) 2br+den+2ba units and (2) 1br+1ba units averaging 1,200 square feet each. Unit interiors include towering cathedral-like ceilings with floor to ceiling glass, cantilever wrap-around balconies, large stone fireplaces, black slate/tile floors, spacious balconies and patios and hardwood floors. As the post renovated market-rents offer significant rental upside over average in-place rents, with interior finishes well-maintained in their original conditions, 12324 Montana Avenue is a fantastic value-add opportunity.A unique and custom-designed asset in the most ideal of locations, 12324 Montana offers what every investor is looking for - a Stylish Building in an Unbeatable Location with Huge Upside Potential. Property being sold by court-appointed referee and may be subject to court confirmation and overbid hearing. Seller may carry back up to 50% of the purchase price.
Main Features
- Listing Status: For Sale Under Contract
- Year Built: 1958
- Floors: 2
- School District: Los Angeles Unified
- County: LOS ANGELES
- Units: 10
- Zoning: LAR3
- MLS Number:22-208364
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12324 Montana Ave LOS ANGELES, CA 90049
- $6,400,000
- 18 bd
- 18 ba
- 12,209 sqft
- 10,481 lot
- Est payment $34356.58/mo