11920 Montana Avenue

Los Angeles, CA 90049

$6,500,000
Price
21
Beds
19
Baths
13,244 Sq. Ft.
$491 / Sq. Ft.
13,244
Sq. Ft.
$491
per Sq. Ft.

Description

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....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
  1. Listed by Michael R. Fukushima • DRE #01380445 • Brokerage DRE #01364089 • Keller Williams Downtown LA
  2. Listed by Stephen F. Watson • DRE #01187813 • Brokerage DRE #01364089 • Keller Williams Downtown LA

Property Details for 11920 Montana Avenue

Water Front
None
Zoning
LAR3
Cross Streets
San Vincente Blvd
Parcel Number
4265019026
Total Units
10.0
Living Area
13244
Source Living Area
Assessor
Area
Brentwood (C06)

Location

Listing Courtesy of Keller Williams Downtown LA, Michael R. Fukushima, DRE #01380445; Keller Williams Downtown LA, Stephen F. Watson, DRE #01187813
Add your commute
LISTING UPDATED: 04/25/2024 03:06 PM

Property Details for 11920 Montana Avenue

StatusActive
MLS #24-376837
Days on Market9
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.21 AC / 9,218 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Downtown LA, Michael R. Fukushima, DRE #01380445; Keller Williams Downtown LA, Stephen F. Watson, DRE #01187813
Add your commute

Building Information for 11920 Montana Avenue

Stories3Residences-Year Built1963Building Size-Lot Size0.21 AC / 9,218 SF

Payment Calculator

$36,268 per month

30 year fixed, 7.25% Interest

Principal and Interest

$35,473

Property Taxes

$795

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11920 Montana Avenue

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 3
  • Number Of Buildings: 10
  • Type Of Units: Residential
  • View: Yes
  • View Description: Golf Course
  • View: Golf Course
  • Direction Faces: North
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $393,169
  • Net Operating Income: $242,591.00
  • Gross Income: $397,140
  • Cap Rate: 4.00%
  • Gross Rent Multiplier: $15.36
  • Vacancy Allow Percent: 1.00%
  • Owner Pays: Gardener, Water, Other
  • Total Annual Expense: 150578
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.2117
  • Lot Size Square Feet: 9218
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Carport Attached
  • Total Parking: 14
  • Parking Features: Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split, Three Or More
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: None
  • Common Walls: Attached
  • Laundry: Community
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-05-2024
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $8,000.00
  • Unit Projected Rent: $14,000.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,256.00
  • Unit Actual Rent: $22,792.00
  • Unit Projected Rent: $30,800.00
  • Like Units: 7
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,178.00
  • Unit Actual Rent: $2,178.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $435,951.00
  • Assessed Improvement Percent: 67.62
  • Assessed Land Value: $208,769.00
  • Assessed Land Percent: 32.38
  • Assessed Total Value: $644,720.00

Property History for 11920 Montana Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11920 Montana Avenue

Taxable ValueLand$208,769Additions$435,951Total$644,720
Tax Record2023$9,545 ($795 / month)
Home Facts
Total Finished SqFt13,244 SqFtAbove Grade Finished SqFt13,244 SqFtLot Size9,218 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR3CountyLOS ANGELESAPN4265-019-026

Schools near 11920 Montana Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Charter - 6 to 8
Charter - 9 to 12
Rating
School
Distance
Brockton Avenue Elementary School
PublicK to 5

Brentwood Science School
PublicK to 5

Paul Revere Middle School
Charter6 to 8

University Senior High School Charter
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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11920 Montana Avenue is a multi-family home for sale in Los Angeles, CA 90049. This property was listed for sale on April 5, 2024 by Keller Williams Downtown LA, it's currently listed at $6,500,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Brockton Avenue Elementary School, Brentwood Science School and Paul Revere Middle School. 11920 Montana Avenue is a 21-bed, 19-bath, 13,244 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Downtown LA, Michael R. Fukushima, DRE #01380445; Keller Williams Downtown LA, Stephen F. Watson, DRE #01187813

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.