Description

THE 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, 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. THE 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.