ActiveResidential · sale

108 Montreal Street

Playa Del Rey, CA 90293

$2,200,000

  • 6 beds
  • 3 baths
  • 2,065 sq ft
  • 0.06 acres
  • Built 1956

Listed by Matthews Real Estate Investment Services · MLS #26106673

Listing status & updates
MLS last changed
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Availability last checked
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108 Montreal Street, Playa Del Rey, CA 90293 · MLS #26106673

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A FEW THINGS TO NOTICE

What stands out.

Details worth a look

108 Montreal Street pairs in-place income with a rare coastal lifestyle location known for its lush greenery and serene feel.The upstairs unit is a 3 bed / 2 bath with an en-suite primary bath, exposed beam ceilings, and a sky deck with partial ocean views.

Year built

Built in 1956.

Garage parking

2 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Fully upgraded duplex in the coveted Jungle neighborhood of Playa del Rey, just steps from the white sandy beach. 108 Montreal Street pairs in-place income with a rare coastal lifestyle location known for its lush greenery and serene feel.The upstairs unit is a 3 bed / 2 bath with an en-suite primary bath, exposed beam ceilings, and a sky deck with partial ocean views. The downstairs unit is a 3 bed / 1 bath with a large private patio and yard, including a covered paver seating area and artificial turf. Each unit has a private one-car garage. Both kitchens are remodeled with white shaker cabinetry, quartz countertops, and stainless steel appliances including gas ranges. Additional upgrades include in-unit stacked washer/dryers, wood-look flooring, and upgraded electrical panels.Both units are tenant occupied, giving investors immediate income with room to bring rents to market over time. Owner-users can occupy one unit and let the other offset ownership costs. Properties in this pocket of Playa del Rey rarely come to market.The heart of the Jungle puts the beach, dining, and bike path moments away, with Playa Vista, Ballona Creek, shopping, and business centers close by and easy access to LAX and the major freeways.
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THE NEIGHBORHOOD

Explore the location.

108 Montreal Street, Playa Del Rey, CA 90293

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THE DETAILS

The details, all in one place.

Property type
ResidentialIncome
Category
Residential
Year built
1956
Full baths
0
Half baths
0
Garage spaces
2
Cooling
WallWindowUnits
Heating
Central
Appliances
Dishwasher,Disposal,GasOven,Microwave,Range,Refrigerator,RangeHood,Dryer,Washer
Flooring
Tile
Zoning
LAR3
Parcel
4116032020

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

Investor outlook Rental potential, ownership costs and property management

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$9,166.67
Cap rate—

Annual operating income: —

HOA: No HOA cost is included because the listing source does not report one. Confirm whether HOA dues apply before relying on this estimate.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

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Listing information

MLS #26106673 · California Regional MLS

Listing brokerage: Matthews Real Estate Investment Services
Listing agent: Nabil Awada

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.