6-Unit Multifamily Property in Echo Park

1806 Montana Street

Property Description

The Montana Bungalows, Echo Park - A Celebrated Acquisition by David Bramante and Better Real Estate.

Nestled in the vibrant heart of Echo Park lies a unique real estate gem – The Montana Bungalows. Proudly acquired by David Bramante and Better Real Estate, this 6-unit community stands as a testament to thoughtful real estate ventures that capture the essence of both history and modernity.

Echo Park, renowned for its pulsating energy and creative populace, has long been a sanctuary for writers, musicians, artists, and filmmakers. The Montana Bungalows, with its artistically inclined residents, is a microcosm of this rich cultural tapestry. The strategic location further amplifies its allure. Tenants find themselves enveloped in the neighborhood's essence, with popular restaurants and eclectic shops just a short walk away. Moreover, the proximity to Downtown LA and Silver Lake makes it an ideal spot for those craving a blend of serene living and urban excitement.

Architecturally, The Montana Bungalows are a visual delight. Spread across five distinct structures, which include four individual dwellings and a carport, the community spans over 6,000 square feet, housing 11 bedrooms and 7 bathrooms. A unique feature of this property is its expansive footprint, covering over 14,000 square feet of land, distributed across two legally adjacent parcels. Such spaciousness is a rarity in Echo Park, making this acquisition all the more special.

The property's charm lies not just in its scale but in its design ethos. Originally built as classic California Craftsman bungalows, a thoughtful renovation in 2015 breathed new life into them. While the exterior pays homage to its historic roots, the interiors have been masterfully reimagined for contemporary living – bright, open, and undeniably sleek.

The Montana Bungalows, thus, stand as a perfect amalgamation of the old and new, tradition and innovation, community and individuality. With this acquisition, David Bramante and Better Real Estate have not just added a property to their portfolio but have embraced a piece of Echo Park's soul. For those wishing to delve deeper into the property's charm, a visit to the property website is highly recommended.

Investment Summary

  • Acquisition

  • Purchase date: March 2015

  • Purchase price: $1,025,000

  • Rehab & buyouts: $500K

  • Exit

  • Sold for: $3,050,000

  • Sale date: March 2016