This exceptional six-unit apartment building in prime Santa Monica, located west of Lincoln Boulevard, offers a rare investment opportunity with 12.41 GRM and 5.7 CAP rate. This property offers an ideal mix and spacious layout of (2) two story townhome style 3+2 units and the back building has (4) 2+1… Read More units with one currently vacant, making it a perfect opportunity for an owner-user or for immediate rental income. With its desirable location, strong unit mix, and upside rental potential, this property is a standout choice for investors or buyers seeking a versatile and valuable asset in one of LA's most sought-after neighborhoods. Trust Sale - NO Court Confirmation Required. No request for repairs or credit will be considered. Do Not Disturb Tenants. Do Not Walk Property, please. Read Less
Property listed by Coldwell Banker Realty, Linda Light 424-280-7400
Listing Snapshot
Days Online
8
Last Updated
Property Type
Other
Beds
14
Square Ft.
6,128
Lot Size
0.19 Acres
Year Built
1956
MLS Number
25605581
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
Building
Built in 1956, Building area total: 6,128, Levels: Two, MultiSplit, Living area: 6128, 2 stories, 2 buildings, Architectural style: Traditional, Attached, Common walls: OneCommonWall
Cooling
None
Expenses
Electric expense: $600, Gardener expense: $2,700, Insurance expense: $7,000, Maintenance expense: $9,750, New taxes expense: $30,737, Trash expense: $6,660
Fireplaces
Bath, Kitchen, LivingRoom
Floors
Wood
Heating
WallFurnace
Income
Gross income: $198,912, Net operating income: $140,805
Interior Features
CeilingFans
Laundry
CommonArea
Lot
0.1856 acres, 8,086 square feet, Size: 8,086
Parking
5 open parking spaces, 5 totals parking, Assigned, Uncovered
Pool
None
Property
Zoning: SMOP2*, None
Security Features
CarbonMonoxideDetectors, SmokeDetectors
Spa
None
Tenant Pays
CableTv, Electricity, Gas
Windows
DoublePaneWindows
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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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