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$ 5,250,000
Est. payment | /mo
10,618 SqFt
$ 5,250,000
Est. payment | /mo
10,618 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 10,618 sqft
Price per Sqft $494
MLS Listing ID CL25579851
HOA Y/N No
Year Built 1948
Lot Size 0.338 Acres
Acres 0.34
Property Sub-Type Comm Ind For Sale
Property Description
12-Unit Multifamily Investment Opportunity *Rare multifamily opportunity located on a prime corner double lot on highly sought-after Montana Avenue *Charming bungalow style building on market for the first time in 25 years*On the market for the first time in 25 years, the property is competitively priced at a 4.61% in-place cap rate to be a 7.41% pro forma cap rate *Units feature hardwood floors, dual entrances, dining rooms, and abundant natural lightingselect units offer renovated kitchens and baths, semi-private patios, in-unit washer and dryers, recessed lighting, and upgraded appliances *Community amenities include a private lawn and on-site laundry for non-renovated units, with ample opportunity to enhance the space with fire pits, BBQ areas, and a dog run *Nine garages located on the right side of the property present the opportunity to build (2-3) Accessory Dwelling Units (ADUs) over the existing garages, offering significant upside potential for additional rental income resulting in a 7.98% pro forma cap rate
Location
State CA
County Los Angeles
Zoning SMR2
Interior
Fireplace No
Exterior
Total Parking Spaces 9
Building
New Construction No
Others
Tax ID 4266013054
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Dominic Guan • Colliers International Greater Los Angeles, Inc.
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447