34.047386 -118.47579

12324 Montana Ave LOS ANGELES, CA 90049

324405024 34.047386 -118.47579 213 /listing/324405024-150284439/12324-montana-ave-los-angeles-ca-90049 False 0 6400000.0 12209 105 18 18 22-208364 False
  • $6,400,000
  • 18 bd
  • 18 ba
  • 12,209 sqft
  • 10,481 lot
  • Est payment $34356.58/mo

Property Information

  1. 18 Beds
  2. 18 Baths
  3. 12,209 Sq. Ft.
  4. 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.

Courtesy Of Coldwell Banker Realty

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

Additional Features

  • Unit 1 Furnished:
    • No
  • Unit 2 Furnished:
    • No
  • Unit 3 Furnished:
    • No
  • View:
    • Golf Course
    • Tree Top
    • Trees/Woods
    • Y
  • Lot Description:
    • Sidewalks
    • Single Lot
  • Other Structures:
    • None
  • Pool:
    • None
  • Pool YN:
    • Fo
  • Spa:
    • None
  • Spa YN:
    • Fo
  • Parking:
    • Covered Parking
  • Parking Spaces:
    • 10
  • Heating:
    • Central
  • Alley:
    • Yes
  • Number of Buildings:
    • 1
  • Paved Road:
    • Yes
  • Tennis Courts:
    • N
    • None
  • Water:
    • Public
  • Board:
    • The Combined Los Angeles/Westside MLS
  • Gross Income:
    • 340819
  • Mello Roos Tax:
    • No
  • Net Operating Income:
    • 201606.00
  • Owner Pays:
    • Water
  • Probate Sale:
    • Fo
  • Miscellaneous Features:
    • Balcony
  • Rent Control:
    • Yes
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Electricity
    • Gas
  • Architectural Style:
    • Mid-Century
  • Cap Rate:
    • 3.15
  • Co Listing Office ID:
    • L2000175
  • Entry Location:
    • Ground Level - no steps
  • Expenses:
    • 129989
  • Gross Operating Income:
    • 331595
  • Listing Agent License Number:
    • 01057377
  • Lot Size Area:
    • 10481
  • LP Per SQFT:
    • 524.20
  • Office Co List Name:
    • Coldwell Banker Realty
  • Other Equipment:
    • Other
  • Total Acres:
    • 0.2407
  • Under Contract Date:
    • 2022-12-20
  • Unit 1 Bathrooms:
    • 2.00
  • Unit 1 Bedrooms:
    • 2
  • Unit 1 Rent:
    • 199475.00
  • Unit 1 Total Units:
    • 6
  • Unit 2 Bathrooms:
    • 2.00
  • Unit 2 Bedrooms:
    • 2
  • Unit 2 Rent:
    • 81404.00
  • Unit 2 Total Units:
    • 2
  • Unit 3 Bathrooms:
    • 1.00
  • Unit 3 Bedrooms:
    • 1
  • Unit 3 Rent:
    • 59940.00
  • Unit 3 Total Units:
    • 2
  • Cooling:
    • Window Unit(s)
  • Disclosures:
    • None
  • Water Heater:
    • Gas
    • Yes
  • Laundry:
    • Community
    • Laundry Area
  • Laundry Equipment:
    • Lease
Neighborhood info courtesy of Homes.com © 2023

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.

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34.047386 -118.47579

12324 Montana Ave LOS ANGELES, CA 90049

324405024 34.047386 -118.47579 213 /listing/324405024-150284439/12324-montana-ave-los-angeles-ca-90049 False 0 6400000.0 12209 105 18 18 22-208364 False
  • $6,400,000
  • 18 bd
  • 18 ba
  • 12,209 sqft
  • 10,481 lot
  • Est payment $34356.58/mo