12324 Montana Ave | Los Angeles, CA 90049
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- LoopNet Team
12324 Montana Ave
Los Angeles, CA 90049
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Court date is set for March 1, 2023 @9:30AM. Opening Bid will be $5.4MM. 100K Bidding Increments
- 10-Unit Mid-Century Modern building in prime Brentwood with distinctive Butterfly-Roof feature designed by architect Alfred T. Wilkes
- Unit interiors include towering cathedral-like ceilings with floor to ceiling glass, cantilever wrap-around balconies, large stone fireplaces
- $442/SF!! Current Cap 4.14 / Market Cap 6.24 | Current GRM 15.38 / Market GRM 11.42
- Adjacent to Brentwood Country Club. Each unit feels like a home, averaging 1,200+ SF.
- Black slate/tile floors, spacious balconies and patios and hardwood floors. Huge Rental Upside!
PROPERTY FACTS
| No. Units | 10 | Building Size | 12,209 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 0.82/1,000 SF |
| Lot Size | 0.24 AC | ||
| Zoning | LAR3 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 12,209 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | LAR3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $4,271 | - |
| 2+2 | 8 | $9,785 | - |
PROPERTY TAXES
| Parcel Number | 4264-015-012 | Improvements Assessment | $3,849,480 |
| Land Assessment | $2,496,960 | Total Assessment | $6,346,440 |
PROPERTY TAXES
Parcel Number
4264-015-012
Land Assessment
$2,496,960
Improvements Assessment
$3,849,480
Total Assessment
$6,346,440
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