123 Montreal Street Playa del Rey, CA, 90293
$ 2,200,000Bedrooms Baths0.0
for $2,200,000. This home was built in 1957 on a lot size of 0.1056 Acre(s).
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.
Sewer Public Sewer
Water Source Public Water
Exterior* Excluded Features
Community Amenities Yard Space
Exterior Back Yard Garden Space Gutters
Garage 4 Car
Land Improvements Landscaped Sidewalks Storm Drains Street Lights
List By Lyon Stahl Investment Real Estate, Inc.
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 4.125% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Single family listings in Playa del Rey, CA
Average List Price $1,989,181
Percent of Sale Price 10 %
About Playa del Rey, CA
14 % Since 2002
$ 90,840 Median Income
41.63 Median Age
9 % Households with Children