**INCOME PRODUCING TRIPLEX WITH A VACANT UNIT** Seller is offering a rate buy down on this to 5.625% for qualified buyers, lowering the monthly mortgage payments by nearly $1,000! This property and rate will not last! ** This turnkey Mid-Century style triplex is located in the heart of Santa Monica's… Read More Sunset Park, just steps from everything Ocean Park Blvd has to offer. It's perfect for someone looking to live in one unit and rent out the others. This fully remodeled property includes two 1-bedroom units ( 1 of which is vacant) and a studio unit, allowing a buyer the opportunity to move in immediately at the close of escrow. Each unit features hardwood floors, vaulted ceilings, recessed lighting, AC, and stylish finishes like backsplash tile and stainless steel appliances in the kitchen. The one-bedroom units each enjoy a huge private fenced patio which will extend your living and entertaining space, especially for those beautiful Santa Monica summer days. As a bonus, this gives a big boast to your potential rental income. Major system upgrades include copper plumbing, updated drain lines, updated electrical, and new water heaters, giving peace of mind to any buyer. Additionally, on-site storage containers offer extra utility and can generate additional income. A buyer can also build 3 additional units and generate up to a 8.37% cap rate! With an unbeatable walk score, this property is located near Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and a variety of local cafes and restaurants. 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
Square Ft.
1,122
Lot Size
0.08 Acres
MLS Number
25602967
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
Dishwasher, Microwave
Building
Building area total: 1,122, Levels: One, Living area: 1122, 1 story, 1 building
Income
Gross income: $96,744, Net operating income: $70,421
Lot
0.0771 acres, 3,357 square feet, Size: 3,357
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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