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Key Details
Sold Price $2,720,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,243 sqft
Price per Sqft $435
MLS Listing ID NDP2101991
Sold Date 07/01/21
HOA Y/N No
Year Built 1962
Lot Size 7,496 Sqft
Acres 0.1721
Property Description
Six unit investment opportunity in Santa Monica featuring upside, low price per foot, large units, parking and location. The asset is generating $156k in gross income with potential income of $234k. Most units have fire places, porch/balcony, dining areas and room for in-unit washer dryers, ready for an opportunistic investor to implement a luxury remodel and value add investment strategy. The location attracts ideal tenants seeking close proximity to tech companies, boutique & luxury shopping, world class beaches, award winning restaurants and a walkable, healthy, fun, lifestyle that demands premium rents. The building is under Santa Monica rent control. Each unit offers spacious, efficient and bright floor plans including two, townhome units. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify all the information and bears all risk for any inaccuracy.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace Yes
Laundry Common Area
Exterior
Pool None
Community Features Urban
View Y/N Yes
Private Pool No
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 4267010020
Energy Description 2160.0
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Bought with Eric von Bluecher • Lee & Associates
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