1807 Montana Street — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90026

Investment Figures

Cap rate
5.91%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The LAAA Team of Marcus & Millichap is pleased to present 1807 Montana Street, an architecturally significant four-unit boutique multifamily offering in the heart of Echo Park. Offered at $2,500,000, the property delivers a 5.91% current capitalization rate with upside to 6.59% upon stabilization, supported by uniform two-bedroom/two-bath residences, premium design execution, and strong in-place rental fundamentals in one of Los Angeles’ most supply-constrained urban submarkets. Originally constructed in 1914 and comprehensively reimagined in 2023 by Dean Levin of 22RE, the property reflects a highly intentional California Contemporary design language rooted in architectural craft and material depth. Levin, who trained in architecture at Pratt Institute in New York before a twelve-year career as a visual artist exhibited at leading galleries, founded 22RE in 2021 with a focus on extending and elevating Los Angeles’ historic residential fabric. The studio has been profiled in PIN–UP Magazine, named Surface Magazine’s “Designer of the Day,” and has had projects featured on ArchDaily and in Wallpaper. Notable 22RE work includes the expansion of a 1920s Spanish Revival residence in Los Feliz, flagship retail designs for Malbon and Departamento, and the adaptive reuse of a former Ed Ruscha studio in Glassell Park. At 1807 Montana Street, this architectural pedigree translates into refined millwork, paneled kitchens, plaster and tile bathrooms, custom cabinetry, curated furnishings, and an overall cohesion rarely found in small multifamily product. The property comprises four expansive 2BD/2BA residences averaging approximately 942 square feet, each offering in-unit washer/dryer, smart-home integration, and one dedicated on-site parking space. Large windows and thoughtfully proportioned layouts create a bright indoor-outdoor feel, appealing to Echo Park’s creative and professional tenant base. Located within walking distance to Bacetti Trattoria, Canyon Coffee, Honey Hi,

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 5.9% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Its 5.9% asking cap rate is above the Greater Los Angeles multifamily market average of about 5.0%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per multiple brokerage reports.

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