Los Angeles, CA 90049,12324 Montana AVE
Los Angeles, CA 90049,12324 Montana AVE
Los Angeles, CA 90049,12324 Montana AVE
Los Angeles, CA 90049,12324 Montana AVE
Los Angeles, CA 90049,12324 Montana AVE
Los Angeles, CA 90049,12324 Montana AVE
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$6,100,000

$5,400,000

13.0%
Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Eric Sackler • Coldwell Banker Realty
Bought with Eric Sackler • Coldwell Banker Realty
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