Sold

12324 Montana Avenue

Los Angeles CA, 90049

$6,100,000


$499.63 per sqft

Sold

18 Beds

18 Baths

12,209 sqft

Residential

Built in 1958

Listed by Eric Sackler with Coldwell Banker Realty 310-820-6651

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.

22208364

MLS ID

October 17, 2022

Listed

March 23, 2024

Updated

Map

12324 Montana Avenue
Los Angeles CA, 90049

Interior Features

Total Stories

2


Bedrooms

18 Beds


Bathrooms

18 Baths


Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.24 Acres


Architectual Style

Mid-Century Modern

School Information

School District

Los Angeles Unified

Other Property Details

Area Name

C06 - Brentwood


Days on Market

143


Garage

No


Parking

Covered


Parking Total

10


View

Yes


View Description

Golf Course, Trees/Woods


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LAR3


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/18/2023

Sold

$6,100,000

Listing Contact: 310-820-6651 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:19 AM UTC

 

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