2214 Montana Avenue

Santa Monica, CA 90403

$2,250,000
Last Sold Price
5
Beds
5
Baths
3,196 Sq. Ft.
$704 / Sq. Ft.
3,196
Sq. Ft.
$704
per Sq. Ft.

Description

Very rare opportunity to own an income property in the unrivaled Montana Avenue location. First time on the market in over 40 years. Just blocks away from world-class shops, restaurants & schools on Montana Avenue and minutes to Brentwood Country Mart, the Riviera and Brentwood Country Clubs and of course, the famous Santa Monica Beach. This true value-add opportunity consists of two separate structures on a corner lot. The front building, 2214 Montana Avenue is a two story duplex (Units A & B) with...Very rare opportunity to own an income property in the unrivaled Montana Avenue location. First time on the market in over 40 years. Just blocks away from world-class shops, restaurants & schools on Montana Avenue and minutes to Brentwood Country Mart, the Riviera and Brentwood Country Clubs and of course, the famous Santa Monica Beach. This true value-add opportunity consists of two separate structures on a corner lot. The front building, 2214 Montana Avenue is a two story duplex (Units A & B) with two spacious one bedroom one bath units, the upstairs unit will be delivered vacant and the downstairs unit is tenant occupied. Built in 2000, the rear building is a huge three bedroom-three bath townhome with two balconies and a roof top deck with an outstanding view possibly of Santa Monica Bay. The property is the perfect for either an owner-user or investor looking for an A+ Santa Monica location. Santa Monica is a beachfront city with an enviable climate and location. Santa Monica is conveniently located right in between the eclectic Venice Beach and the glamourous white sand beaches of Malibu, drawing millions of visitors every year. With Santa Monica's laidback vibe and plentiful amenities, it's easy to see why prospective tenants are looking for apartments and condos in the area. Of course, the Santa Monica State Beach is the heart of the city, anchoring major attractions and local hotspots
  1. Listed by Adam Zunder • DRE #01821053 • Brokerage DRE #01229985 • Iconic Investments
  2. Listed by Mark Konopaske • DRE #00960857 • Brokerage DRE #00960857 • Mark Konopaske

Property Details for 2214 Montana Avenue

Zoning
SMR2*
Parcel Number
4277003012
Total Units
3.0
Living Area
3196
Source Living Area
Appraiser
Area
Santa Monica (C14)
Vacancy Rate
33%
Lot Size Area
4001

Location

Listing Courtesy of Iconic Investments, Adam Zunder, DRE #01821053; Mark Konopaske, Mark Konopaske, DRE #00960857

Sold By Ardalan Realty, Arash Ardalan, DRE #01802329

Add your commute
LISTING UPDATED: 09/18/2023 01:51 PM

Property Details for 2214 Montana Avenue

StatusSold
MLS #23-256121
Days on Market152
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2000
Lot Size0.09 AC / 4,001 SF
CountyLos Angeles County

Location

Listing Courtesy of Iconic Investments, Adam Zunder, DRE #01821053; Mark Konopaske, Mark Konopaske, DRE #00960857

Sold By Ardalan Realty, Arash Ardalan, DRE #01802329

Add your commute

Building Information for 2214 Montana Avenue

Stories2Residences-Year Built2000Building Size-Lot Size0.09 AC / 4,001 SF

Payment Calculator

$13,760 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,279

Property Taxes

$1,481

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2214 Montana Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartments
  • Water: District
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Tankless, Water Heater Unit
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $98,712
  • Net Operating Income: $57,677.00
  • Gross Income: $98,712
  • Cap Rate: 2.10%
  • Gross Rent Multiplier: $28.50
  • Actual Annual Gross Rent: $98,712.00
  • Vacancy Allow Dollar: $36,000.00
  • Owner Pays: Water
  • Total Annual Expense: 41036
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.0919
  • Lot Size Square Feet: 4001
  • Lot Description: Alley Paved, Fenced
  • Lot Location: Alley Access, Corner Lot
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage - 1 Car
  • Total Parking: 4
  • Covered Parking: 1
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 1
  • Parking Features: Driveway, Garage - Single Door
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central, Wall Unit(s)
  • Heating: Central, Wall Furnace
  • Heating Type: Central, Wall
  • Equipment: Dishwasher, Microwave, Garbage Disposal, Alarm System, Gas Or Electric Dryer Hookup, Dryer, Washer
  • Room Kitchen Features: Granite Counters
  • Kitchen Features: Granite Counters
  • Bedroom Features: Master Bedroom, All Bedrooms Up
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • Roof: Composition, Flat, Shingle
  • Patio Features: Roof Top Deck, Patio Open, Balcony, Rock/Stone
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-31-2023
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,048.00
  • Unit Actual Rent: $4,048.00
  • Unit Projected Rent: $7,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,178.00
  • Unit Actual Rent: $1,178.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $298,864.00
  • Assessed Improvement Percent: 20.86
  • Assessed Land Value: $1,133,623.00
  • Assessed Land Percent: 79.14
  • Assessed Total Value: $1,432,487.00
  • Private Transfer Taxes: No

Property History for 2214 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 2214 Montana Avenue

Taxable ValueLand$1,156,295Additions$304,841Total$1,461,136
Tax Record2023$17,771 ($1,481 / month)
Home Facts
Total Finished SqFt2,928 SqFtAbove Grade Finished SqFt2,928 SqFtLot Size4,001 SqFtStyleDuplexYear Built2000ZoningSMR2*CountyLOS ANGELESAPN4277-003-012

Schools near 2214 Montana Avenue

This home is within Santa Monica-Malibu Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Franklin Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Santa Monica High School
Public9 to 12

Olympic High (Continuation) School
Public9 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.

Similar Homes

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Similar Sold Homes

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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 Iconic Investments, Adam Zunder, DRE #01821053; Mark Konopaske, Mark Konopaske, DRE #00960857

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.