Agent's remarks about 123 Montreal St
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 (4.75%+ Market CAP & 14.89 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.
Map location for 123 Montreal St
Directions: 1 block from the beach
Listing courtesy of Lyon Stahl Investment Real Estate, Inc. J.Woody Stahl BRE# 01399621
Based on information from California Regional Multiple Listing Service, Inc. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The property on 123 Montreal St, Playa del Rey, CA 90293 is listed for $2,100,000 as MLS #SB18261800. This 0 bedroom, 0 bathroom sqft built in 1957 located in Playa del Rey, CA 90293. For more information regarding this or any other property in Playa del Rey, please contact us at (424) 272-1339.
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