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Key Details
Sold Price $2,237,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,050 sqft
Price per Sqft $1,091
MLS Listing ID 21743080
Sold Date 11/01/21
HOA Y/N No
Year Built 1946
Lot Size 7,840 Sqft
Acres 0.18
Property Description
RUN! Unheard of cap rate for Santa Monica at 5%. Endless investment opportunities on this three unit large lot with Civic Zoning in the Pico Neighborhood. Move right into one of these adorable, detached bungalows and/or start earning high rents right away. Each bungalow has privacy, original detail, private courtyards & parking. The vacant front unit is approx. 902 sq. ft. w/ high ceilings, skylights, built-in wooden shelving & cherry beaded trim work. The rented middle unit is approx. 674 sq. ft. and has Saltillo flooring, high ceilings, skylights & a greenhouse room. The rented back unit is approx. 550 sq. ft. w/ vaulted beam ceilings, skylights & was beautifully remodeled in 2007. This middle & back unit are currently rented for $3,560 each. Mature pomegranate trees & several other fruit tress throughout the property. Zoning is R2-NC (residential/commercial). Near SMC, parks and recreation, transport, dining and Whole Foods. Three units can qualify for an owner occupied rent control waiver. Buyer to perform due diligence with the City.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMC2*
Rooms
Ensuite Laundry Outside, See Remarks
Interior
Interior Features Ceiling Fan(s)
Laundry Location Outside,See Remarks
Heating Central
Flooring Wood
Fireplace No
Appliance Dryer, Washer
Laundry Outside, See Remarks
Exterior
Garage Carport
View Y/N No
View None
Parking Type Carport
Total Parking Spaces 6
Building
Story 1
Architectural Style Bungalow
New Construction No
Others
Senior Community No
Tax ID 4274017016
Special Listing Condition Standard
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Bought with Shelby Ring • Compass
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