1902 Montana Ave, Santa Monica, CA 90403

1902 Montana Ave, Santa Monica, CA 90403

Santa Monica, CA

Property Description

Trophy Asset! 1902 Montana Ave is a stunning 4-unit apartment building located in one of the nicest pockets of West LA. This property is ideal for any investor or owner-user looking for a highly appreciating asset with very low maintenance. The building is comprised of (1) 2Bed/1Bath, (3) 1Bed/1Bath & a bonus Studio unit collecting $2,195 per month (BTV)! Two units are renovated and one 2Bed/1Bath unit is currently vacant offering immediate upside. Beneficial to the new owner, the property features a newer roof, fresh painting, a charming central courtyard, and electrical and plumbing upgrades. There are also 4 garages (3 vacant) and 5 on-site parking spaces, as well as ample street parking. There is an opportunity to build an ADU in the garages. Walking distance to trendy restaurants, cafes, & retail shops on Montana Avenue and within 1.5 Miles from Santa Monica Beach, 3rd Street Promenade & Palisades Park.

Property Features

  • Sale Price: $2,448,000
  • Area Size: 3,237 Sq. Ft.
  • Land Area: 6,011 Sq. Ft.
  • Year Built: 1939
  • Listing Date: 1/17/2023
  • Units: 4