2816 Montana Ave, Santa Monica, CA 90403

2816 Montana Ave, Santa Monica, CA 90403

Santa Monica, CA

Property Description

Trophy Asset! 2816 Montana Ave is a stunning 5 unit apartment building located in one of the nicest pockets of West LA- right across the street from the Brentwood Country Club! This property is ideal for any investor looking for a highly appreciating asset with very low maintenance. Montana Ave is comprised of (1) 2Bed/1Bath & (4) 1Bed/1Bath units. Two 1Bed+1Bath units are currently tenant-ready offering immediate upside. Beneficial to the new owner, the property features brand new landscaping and exterior paint. Also, there are 4 garages located in the back of the building, as well as ample street parking. There is an opportunity to convert the garages into an ADU for added income. The subject property is only minutes away from Third Street Promenade, Santa Monica Airport, Miramar Hotel, and many more developments. With an A+ location and ideal curb appeal, 2816 Montana Ave is the perfect investment for anyone looking for a prime asset.

Property Features

  • Sale Price: $2,300,000
  • Area Size: 3,980 Sq. Ft.
  • Land Area: 7,051 Sq. Ft.
  • Year Built: 1948
  • Listing Date: 5/9/2023
  • Closing Date: 8/14/2023
  • Units: 5
  • Current GRM: 18.38
  • Current NOI: $78,110

Lyon Stahl Investment Real Estate

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