This exceptionally charming 5-unit residential property presents an incredible investment opportunity in a prime Santa Monica location. Built in 1938 this updated property has immense charm and offers long-term growth potential. The property has been meticulously maintained. Four of the five units have been remodeled and three feature in-unit laundry,… Read More the other two have private laundry inside their garage. Original, refinished hardwood floors, two of the units have split AC units, two of the units have quartz and granite countertops, and tiled showers. There is gated entry and a new roof on the rear building, the front building has been recoated. Comprised of 5 units, this property offers both immediate rental income and long-term growth potential. There are three 1 bedroom/1 bathroom units plus two 2 bedroom/1 bathroom units. Two of the front units on the ground level have individual enclosed garages. The two rear units each have a storage garage. Centrally located near transportation, schools, shopping, parks, and the best Santa Monica has to offer. The current tenants are professionals and the units are well maintained. This is a fantastic opportunity for investors seeking a steady cash flow in a thriving market. Read Less
Property listed by Coldwell Banker Realty, Julie Lovett 310-458-0091
Listing Snapshot
Days Online
73
Last Updated
Property Type
Other
Beds
7
Square Ft.
3,219
Lot Size
0.16 Acres
Year Built
1938
MLS Number
25486165
30 Days Snapshot Of 90405
$1,924k
-36%
(avg) sold price
15
-25%
homes sold
94
+80%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1938, Building area total: 3,219, Levels: One, Two, Living area: 3219, 1 story, 2 buildings, Architectural style: Spanish
Floors
Wood
Heating
WallFurnace
Income
Gross income: $171,354, Net operating income: $127,129
Laundry
CommonArea
Lot
0.1553 acres, 6,766 square feet, Size: 6,766
Parking
Assigned
Property
Zoning: SMR2*
Tenant Pays
CableTv, Electricity, Gas
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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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