2816 Montana Avenue
2816 Montana Avenue
Closed 8/14/23
Virtual Tour
Closed 8/14/23
Virtual Tour
Description
apartment building located in one of the nicest
pockets of West LA- right across the street from the
Brentwood Country Club! This property is ideal for any
investor looking a highly appreciating asset with very
low maintenance. Montana Ave is comprised of (1) 2Bed/1Bath & (4)
1Bed/1Bath units. Two 1Bed+1Bath units are currently
tenant-ready offering immediate upside. Beneficial to the
new owner, the property features brand new
landscaping and exterior paint....Trophy Asset! 2816 Montana Ave is a stunning 5 unit
apartment building located in one of the nicest
pockets of West LA- right across the street from the
Brentwood Country Club! This property is ideal for any
investor looking a highly appreciating asset with very
low maintenance. Montana Ave is comprised of (1) 2Bed/1Bath & (4)
1Bed/1Bath units. Two 1Bed+1Bath units are currently
tenant-ready offering immediate upside. Beneficial to the
new owner, the property features brand new
landscaping and exterior paint. Also, there are 4
garages located in the back of the building, as well as
ample street parking. There is an opportunity to
build ADUs on top of the back unit for added income. The subject property is only minutes away from Third
Street Promenade, Santa Monica Airport, Miramar
Hotel and many more developments. With an A+
location and ideal curb appeal, 2816 Montana Ave is
the perfect investment for anyone looking for a prime
asset.
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 2816 Montana Avenue
Location
Sold By Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763
Property Details for 2816 Montana Avenue
| Status | Closed |
|---|---|
| MLS # | SB23076222 |
| Days on Market | 62 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1948 |
| County | Los Angeles County |
Location
Sold By Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763
Virtual Tour
Building Information for 2816 Montana Avenue
Payment Calculator
$12,552 per month
30 year fixed, 7.25% Interest
$12,552
—
$0
Property Information for 2816 Montana Avenue
- Gross Income: $129,228
- Gross Scheduled Income: $129,228
- Vacancy Allowance Rate: 3
- Net Operating Income: $78,110
- Gross Multiplier: 18.38
- Cap Rate: 3.29
- Financing: Conventional
- Operating Expense: $47,241
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Professional Management Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $47,241
- Tax Block: 2
- Tax Tract Number: 3000
- Tax Census Tract: 7016.01
- CFD/Mello-Roos Fee: $0
- Tax Lot: 4
- Community Features: Urban
- Laundry: No
- Laundry Features: None
- Virtual Tour URL Branded: https://my.matterport.com/show/?m=VeESaC1XHSq
- Entry Location: Front, Side
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 5
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 4
- Parking Garage Spaces: 4
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,367
- Unit Type Total Rent: $2,367
- Unit Type Pro Forma: 4000
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $3,000
- Unit Type Total Rent: $3,000
- Unit Type Pro Forma: 3000
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,818
- Unit Type Total Rent: $1,818
- Unit Type Pro Forma: 3000
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $3,000
- Unit Type Total Rent: $3,000
- Unit Type Pro Forma: 3000
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $584
- Unit Type Total Rent: $584
- Unit Type Pro Forma: 3000
- Unit Type Type: 5
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 5
- Number Of Separate Gas Meters: 5
- Number Of Separate Water Meters: 1
Property History for 2816 Montana Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 2816 Montana Avenue
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
Similar Sold Homes
Homes for Sale near Santa Monica
Neighborhoods
Cities
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 Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763
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.