123 Montreal Street

    Playa Del Rey, CA 90293
    • $2,200,000
    • STATUS: Active
    • ON SITE: 14 days
    • ID#: SB18261800
    UPDATED: 53 min ago
    $2,200,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,306
      SQFT
    • $954
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T20:39:09.213. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88986080

    123 Montreal Street Playa Del Rey, CA 90293

    • Price: $2,200,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: SB18261800
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    2,306
    SQFT
    $954
    $/SQFT
    1957
    Built
    Neighborhood:
    C31 - Playa Del Rey
    County:
    Los Angeles
    Area:
    C31 - Playa Del Rey
    Property Description
    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.
    Exterior Features

    Garage Spaces 4.00 Lot Features Back YardFront YardGardenLandscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.39 Community Features GuttersSidewalksStorm DrainsStreet Lighting Country Us Electric Expense 800.00 Elevation Units Feet Fuel Expense 800.00 Gardener Expense 1200.00 Gross Income 109704.00 Gross Multiplier 20.05 Gross Scheduled Income 109704.00 Insurance Expense 922.00 Land Lease YN No Laundry YN No Maintenance Expense 3291.00 Net Operating Income 74500.00 New Construction YN No New Taxes Expense 26951.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 35204.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 35204.00 Trash Expense 800.00 Vacancy Allowance 0 Water Sewer Expense 800.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of J.Woody Stahl of Lyon Stahl Investment Real Estate, Inc. and Brett Lyon of Lyon Stahl Investment Real Estate, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T20:39:09.213. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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