123 Montreal St

$2,200,000, 2,306 Sqft 4598 Acres 4 Garages

About This Property

123 Montreal St. is a 4-unit apartment building in the Playa Del Rey neighborhood of Venice, California. This property has a total living area of 2,306 SF and is situated on a 4,603 SF lot. Consisting of two (2) 2-bed/1-bath and two (2) 1-bed/1bath units, the property has the potential to produce $11,500 per month (4.5%+ Market CAP & 15.60 Market GRM). The property, which was built in 1957 and is subject to rent-control, has four (4) onsite carports (one per unit) and plenty of street parking. The back 1-bed/1-bath unit has been recently renovated with new wood floors, kitchen counters, and bathrooms. Given the property's upside in market rent potential and close proximity to the beach, this is a great opportunity for any investor looking to add a great piece of real estate to their portfolio.

Essential Information

MLS® #SB18261800MR
Price$2,200,000
Bathrooms0.00
Square Footage2,306
Acres4,598.00
Year Built1957
TypeResidential Income
Sub-TypeFourplex
StatusActive

Community Information

Address123 Montreal St
AreaPlaya Del Rey
CityPLAYA DEL REY
CountyLos Angeles
StateCA
Zip Code90293

Amenities

Parking Spaces4
# of Garages4
PoolNone

Additional Information

Date ListedOctober 29th, 2018
Days on Market43
ZoningLAR3

Listing Details

AgentJ.woody Stahl (01399621)

Office

Lyon Stahl Investment Real Estate, Inc.

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Listing information last updated on December 12th, 2018 at 4:15am PST.

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