**INCOME PRODUCING DUPLEX WITH A VACANT UNIT****Seller is offering a rate buy down on this mid-century to 5.625% for qualified buyers, lowering the monthly mortgage payments by nearly $1,500! This property and rate will not last!** The building offers 1,940 sq. ft. of living space across two spacious remodeled units:… Read More a fully vacant 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit. Both units feature remodeled kitchens and bathrooms, stainless steel appliances, central AC, recessed lighting, in-unit and onsite laundry, and updated dual-pane windows. Recent improvements include copper plumbing, new water heaters, updated electrical, and drain line upgrades, making this a low-maintenance, move-in-ready property. Furthermore, a buyer can build 2 additional units and generate up to a 8.68% cap rate! With an unbeatable walk score, this is located just steps from Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and some of the best cafes and restaurants in Santa Monica! A perfect fit for a young professional, couple, or small family, this duplex offers the ideal combination of lifestyle, location, and long-term upside in a highly sought-after Santa Monica neighborhood. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., David Messiah 310-425-9838
Listing Snapshot
Days Online
15
Last Updated
Property Type
Other
Beds
5
Square Ft.
1,940
Lot Size
0.08 Acres
MLS Number
25602933
30 Days Snapshot Of 90405
$1.95M
-10%
(avg) sold price
13
-23%
homes sold
64
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Microwave, Refrigerator
Building
Building area total: 1,940, Levels: One, Living area: 1940, 1 story, 1 building
Cooling
CentralAir
Heating
Central
Income
Gross income: $112,716, Net operating income: $80,863
Lot
0.0781 acres, 3,401 square feet, Size: 3,401
Parking
3 totals parking, Carport
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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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