$2,550,000
$2,675,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
6,011 Sqft Lot
SOLD DATE : 03/07/2024
Key Details
Sold Price $2,550,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24008645
Sold Date 03/07/24
Bedrooms 5
HOA Y/N No
Lot Size 6,011 Sqft
Property Description
Trophy Asset! 1902 Montana Ave is a stunning 4-unit apartment building located in one of the nicest pockets of West LA. This property is ideal for any investor or owner-user looking for a highly appreciating asset with very low maintenance. The building is comprised of (1) 2Bed/1Bath, (3) 1Bed/1Bath & a bonus Studio unit collecting $2,195 per month (BTV)! Two units are renovated and one 2Bed/1Bath unit is currently vacant offering immediate upside. Beneficial to the new owner, the property features a newer roof, fresh painting, a charming central courtyard, and electrical and plumbing upgrades. There are also 4 garages (3 vacant) and 5 on-site parking spaces, as well as ample street parking. There is an opportunity to build an ADU in the garages. Walking distance to trendy restaurants, cafes, & retail shops on Montana Avenue and within 1.5 Miles from Santa Monica Beach, 3rd Street Promenade & Palisades Park.
Trophy Asset! 1902 Montana Ave is a stunning 4-unit apartment building located in one of the nicest pockets of West LA. This property is ideal for any investor or owner-user looking for a highly appreciating asset with very low maintenance. The building is comprised of (1) 2Bed/1Bath, (3) 1Bed/1Bath & a bonus Studio unit collecting $2,195 per month (BTV)! Two units are renovated and one 2Bed/1Bath unit is currently vacant offering immediate upside. Beneficial to the new owner, the property features a newer roof, fresh painting, a charming central courtyard, and electrical and plumbing upgrades. There are also 4 garages (3 vacant) and 5 on-site parking spaces, as well as ample street parking. There is an opportunity to build an ADU in the garages. Walking distance to trendy restaurants, cafes, & retail shops on Montana Avenue and within 1.5 Miles from Santa Monica Beach, 3rd Street Promenade & Palisades Park.
Location
State CA
County Los Angeles
Area Santa Monica (90403)
Zoning Public Rec
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash
Space Rent $3,995
Listing Terms Cash
Financing Cash
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Bought with Robert Sillman • Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "