11644 Montana AveLos Angeles, CA 90049

  • Residential income properties
  • 7,323 SF
For Sale
$3,850,000 View listing

Property Details for 11644 Montana Ave

Year built
1953
Construction
WOOD
Lot size
0.22 AC
Property size (Sq ft)
7,323 SF
Zone code
LAR3
Property type
Residential income properties
Property subtype
Other apartment buildings
APN
4401-022-039
APU
4401022039

Description

This exceptional 7,323-square-foot executive office building, located at 11644 Montana Avenue in the prestigious Brentwood neighborhood of Los Angeles, presents a rare investment opportunity. Built in 1953, the property sits on a 9,372-square-foot lot and features a desirable mix of ten units: one studio, seven one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, and one expansive four-bedroom/three-bathroom unit with a den. The building offers ample parking with 11 spaces. Its location on Montana Avenue, just east of Barrington Avenue, provides unparalleled convenience and accessibility. The property is zoned LAR3 and boasts a prime location within Brentwood, a highly sought-after area known for its affluent residents and proximity to major attractions. Minutes from UCLA and the Getty Center, this property also offers easy access to Santa Monica, Beverly Hills, and Westwood. The asking price for this remarkable property is $3,850,000. The property's APN is 4401-022-039. This is a truly unique opportunity to acquire a well-situated, multi-unit executive office building in one of Los Angeles' most desirable neighborhoods.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,307,619
    6.5%
    $2,130,110
    7%
    $1,977,959
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,152,798
    Geo Method
    $2,158,440
  • Alternative Use

    Use
    Valuation
    Residential
    $2,130,110
    Hospitality
    $1,951,169
    Educational
    $1,623,350
    Medical
    $1,679,180
    Retail
    $2,525,211
11644 Montana Ave, Los Angeles, California

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0557
Longitude
-118.466
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$21,142
$1,049,932
$608,757
$1,658,689
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