Property listed by Lyon Stahl Investment Real Estate, Inc., Mark Ventre 310-425-9838
$3,000,000
OPPORTUNITY: Montana Hillside Apartments is an ideal fit for a long-term investor seeking a pride-of-ownership asset in one of L.A.'s most character-rich and walkable neighborhoods. Located just one block from the vibrant Sunset Blvd corridor and minutes from Dodger Stadium, the property offers unbeatable lifestyle access while maintaining a quiet,… Read More elevated residential setting. Eight of the ten units have been thoughtfully renovated with high-end finishes, positioning the asset as best-in-class for mid-century vintage product in Echo Park. With in-place rents still over 20% below market, there's meaningful upside through natural turnover without the risk or complexity of a heavy reposition. This is a rare opportunity to own a stabilized, design-forward building in a supply-constrained enclave that continues to attract strong, long-term tenant demand. PROPERTY: Montana Hillside Apartments is a boutique 10-unit mid-century modern apartment building nestled in the hills of Echo Park. Constructed in 1960, this 5,152 square foot property sits on an expansive 8,865 SF LAR1.5-zoned lot, offering a blend of classic architecture and contemporary upgrades. The unit mix comprises a combination of spacious one- and two-bedroom layouts, with eight units extensively renovated to include quartz countertops, stainless steel appliances, farmhouse sinks, oversized tubs, custom cabinetry, plank flooring, and air conditioning. Select units boast breathtaking views of Echo Park and Silver Lake, providing tenants with a serene living experience. The property features 10 parking spaces, new tankless water heaters, and an outdoor amenity space with potential for a dog run enhancing tenant retention and lifestyle appeal. Its prime location offers residents a quiet, elevated setting just one block from the vibrant Sunset Blvd corridor and minutes from Dodger Stadium, ensuring easy access to a plethora of dining, shopping, and entertainment options. Read Less
Listing Snapshot
Days Online
4
Last Updated
Property Type
Other
Beds
14
Square Ft.
5,152
Lot Size
0.2 Acres
Year Built
1960
MLS Number
25546917
30 Days Snapshot Of 90026
$1.39M
-20%
(avg) sold price
20
-9%
homes sold
59
-1%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Oven, Refrigerator
Building
Built in 1960, Building area total: 5,152, Levels: MultiSplit, Living area: 5152, 1 building, Construction materials: Stucco, WoodSiding
Fireplaces
None
Heating
WallFurnace
Income
Gross income: $234,722, Net operating income: $150,745
Interior Features
CeilingFans
Laundry
CommonArea
Lot
0.2036 acres, 8,867 square feet, Size: 8,867
Parking
10 open parking spaces, SideBySide, Uncovered
Pool
None
Property
Zoning: LARD1.5, CityLights, Hills
Roof
Composition
Spa
None
Tenant Pays
Electricity, Gas
Windows
DoublePaneWindows
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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