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$2,250,000
Est. payment /mo
7 Beds
5 Baths
3,219 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,219 sqft
Price per Sqft $698
MLS Listing ID 25486165
Bedrooms 7
HOA Y/N No
Year Built 1938
Lot Size 6,764 Sqft
Property Description
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 appeal and offers long-term growth potential. The property has been meticulously maintained. There are three 1 bedroom/1 bathroom units plus two 2 bedroom/1 bathroom units. Four of the five units have been remodeled; three feature in-unit laundry, the other two units have private laundry inside their garage. There are refinished hardwood floors, two of the three front units have split AC units, quartz/granite countertops and tiled showers. There is a new roof on the rear building, the front building has been recoated. Two of the front units have individual enclosed garages; three units have assigned parking. This property offers both immediate rental income and long-term growth potential. 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. There is an excellent management company in place.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Heating Wall Furnace
Flooring Wood
Fireplaces Type None
Fireplace No
Appliance Refrigerator, Dryer, Washer
Laundry Common Area
Exterior
Parking Features Assigned
Building
Story 2
Entry Level One,Two
Architectural Style Spanish
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 4273019010
Special Listing Condition Standard
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Listed by Julie Lovett • Coldwell Banker Realty