12324 Montana Ave
Brentwood, Los Angeles, CA 90049
Brentwood, Los Angeles, CA 90049
$6,400,000
- 18
- beds
- Multi Family Townhouse
AGENTS
Source of Data:
California Real Estate Technology Services
Property Description
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.
PROPERTY DETAILS
- Interior
- 12,209 Sq Ft.
- Exterior
- .24 Acres
- Property Type
- Multi Family Townhouse
- Year Built
- 1958
- MLS/Listing ID
- 22-208364
- Days On Market
- 65
Listing Courtesy of Coldwell Banker Realty, Eric Sackler - 01057377 - 310-979-4990 and Susan Lau - 01516710
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