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Key Details
Sold Price $2,645,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,982 sqft
Price per Sqft $530
MLS Listing ID 21706740
Sold Date 07/15/21
HOA Y/N No
Year Built 1951
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions Assessor
Property Description
3.9% CAP rate in Santa Monica! Sitting atop a hill just 2 blocks from Main Street and 4 blocks from Santa Monica beach, this 6 unit building features sweeping ocean views from two units and a huge, west facing common area patio. Soft story retrofitting is NOT required. Dual pane windows throughout. Excellent unit mix consisting of (4) 1 bedroom + 1 bath, and (2) 2 bedroom + 1 bath. All units are larger than similar units in the area. Five individual parking garages with two additional surface parking spaces. Several units were recently upgraded with new floors, plumbing, fixtures, etc. One 2+1 unit will be delivered vacant. Property is subject to City of Santa Monica rent control. Inside with accepted offer only.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMOP2*
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Cooling None
Flooring Carpet, Wood
Fireplace No
Laundry Common Area
Exterior
Garage Driveway, Garage, Private
Garage Spaces 5.0
Garage Description 5.0
View Y/N Yes
View City Lights, Ocean
Roof Type Composition,Shingle
Parking Type Driveway, Garage, Private
Total Parking Spaces 5
Building
Faces West
Story 2
Sewer Other
Architectural Style Traditional
Others
Senior Community No
Tax ID 4287011027
Special Listing Condition Standard
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Bought with Sharon Liu • Re/Max Premier Prop Arcadia
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