12324 Montana Ave

Los Angeles, CA, 90049

$5,400,000

$442 per ft²
$5,400,000
$442 per ft²
Pending
Pending
 - For Sale
beds
18 Beds
baths
18 Baths
carpenters-square
12,209 ft²
property_type
Multi-family
calendar
Built 1958
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.
MLS® ID:
22-208364
Listed:
10/16/22
Updated:
3/31/23

Interior Features

Total Bedrooms
18
Total Bathrooms
18
Laundry Description
Community, Laundry Area
Cooling
Window Unit(s)
Heating
Central

Exterior/Building Features

Lot Size
10,481 ft² lot
Exterior Features
None
Architectural Style
Mid-Century
Lot Details
Sidewalks, Single Lot

School Information

School District
Los Angeles Unified

Other Property Details

Garage
No
Parking
Covered Parking
Parking Total
10.0
View
Y
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
LAR3

Property History

Date
Event
Price
Value
12/27/22
Active Under Contract
-
-
2/9/23
Pending
-
-
2/21/23
Price Change
$5,400,000
-15%
2/21/23
Active Under Contract
-
-
2/22/23
Active
-
-
3/9/23
Pending
-
-

Courtesy of Coldwell Banker Realty, Eric Sackler,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Megan Whalen Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/31/23

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