$6,100,000
$5,400,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
18 Beds
18 Baths
12,209 SqFt
SOLD DATE : 03/31/2023
Key Details
Sold Price $6,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 12,209 sqft
Price per Sqft $499
MLS Listing ID 22208364
Sold Date 03/31/23
Bedrooms 18
HOA Y/N No
Year Built 1958
Lot Size 10,480 Sqft
Property Description
PUBLIC NOTICE OF SALE -See attached doc. Court date is set for March 1, 2023 @9:30AM. Opening Bid will be $5.4MM (4.14% CAP /15.38 GRM Current). 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 subject to court confirmation and overbid hearing.
Location
State CA
County Los Angeles
Area C06 - Brentwood
Zoning LAR3
Interior
Heating Central
Fireplace No
Laundry Common Area
Exterior
Parking Features Covered
Pool None
View Y/N Yes
View Golf Course, Trees/Woods
Total Parking Spaces 10
Private Pool No
Building
Story 2
Architectural Style Mid-Century Modern
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 4264015012
Special Listing Condition Standard
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Bought with Eric Sackler • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States