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.
Lyon Stahl Investment Real Estate, Inc.
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Listing information last updated on December 12th, 2018 at 4:15am PST.