11920 Montana Ave, Los Angeles, CA 90049
10 Unit Apartment Building | $6,500,000 ($650,000/Unit) | 3.73% Cap Rate | Los Angeles, CA 90049
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 25 days
Asking Price $6,500,000
- Property Type
-
Multifamily
- Square Feet
- 13,244 SF
Listing Contacts
Michael Fukushima
Stephen Watson
Property Overview
Generational Asset in Prime Brentwood! We are proud to present this 13,244 SF building comprised of two 3 bed/ 2 bath penthouse style units comprising the whole 3rd floor, Seven - 2 bed/ 2 bath units, and One - 1 bed/ 1 Bath units. Two of the 2Bed/2Bath units will be delivered vacant at Close of Escrow. All the units are extremely spacious allowing a savvy investor to maximize the income potential. 80% of the units have been renovated and redone including quartz countertops, and walk-in closets. The elevator was updated 3 year ago. Beyond the top value for these beautiful units, there is even more value in its location. It is a short walk to San Vicente and all of the luxury amenities that Brentwood has to offer. This property also features on-site parking, on-site laundry, and the seismic retrofitting has already been completed by the Seller. Units have received the allowable rental increases in February of 2024. *Drive by only! Do not disturb the tenants*
Property Details
- Class
- C
- Year Built
- 1963
- Stories
- 3
- Lot Size (sq. ft)
- 9,148 SF
- Units
- 10
Highlights
- Prime location in Brentwood! Nearby to the Brentwood Country Club!
- Two Vacant Units!
- Add-Value Opportunity!
- Excellent Unit Mix!
- On-Site Parking!
- Proforma 6.5% Cap and 10.56 GRM!
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