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.
|
DAYS ON MARKET
|
165
|
LAST UPDATED
|
4/3/2023
|
|
YEAR BUILT
|
1958
|
COMMUNITY
|
Brentwood
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Sold
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| School District |
Los Angeles Unified |
|
Prior to Feb 21, '23
|
$6,400,000
|
| Feb 21, '23 - Today |
$5,400,000 |
| AREA |
Brentwood |
| GARAGE |
Covered |
| HEAT |
Central |
| LOT |
10481 sq ft |
| PARKING |
Covered |
| POOL DESCRIPTION |
None |
| STORIES |
2 |
| STYLE |
Mid-Century Modern |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Golf Course,Trees/Woods |
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Listed with Coldwell Banker Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/20/24 2:24 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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