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Key Details
Sold Price $1,562,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,008 sqft
Price per Sqft $519
MLS Listing ID SR20191668
Sold Date 04/20/21
HOA Y/N No
Year Built 1952
Lot Size 6,586 Sqft
Acres 0.1512
Property Description
Exceptional opportunity to purchase this ideally located fourplex in the Sunset Park neighborhood of Santa Monica less than a mile to the beach. Two units are now vacant and will be delivered vacant giving the buyer the rare opportunity to rent at market rates. One unit was just vacated and would need some freshening up if not renovated. The 2 bedroom unit over the garage has privacy as no one is below the unit and this unit offers a clean slate for someone to update. There are two double car garages offering one parking space per unit. One double garage is currently setup as an owner's workshop. Nice quiet side street leads to a residential neighborhood. The front three units have a rear door with a small utility room with wash sink. All units have space for stacked washer and dryer. The middle two units each have a nice size rear patio and the front unit has a fenced side yard and small rear patio. All the amenities of this iconic SoCal location are available within minutes. Dining and shopping at Third Street Promenade is just north off of Lincoln Blvd. Property is subject to Santa Monica Rent Control. Plans for the required Soft Story Retrofit have been submitted for approval. If final plans become available they will be provided to the buyer. It appears that the city has extended the retrofit completion from July 2024 to July, 2026.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR3*
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Wall Furnace
Fireplaces Type None
Fireplace No
Appliance Gas Oven, Gas Range
Laundry None
Exterior
Exterior Feature Awning(s)
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
View Y/N Yes
View Neighborhood
Roof Type Composition
Total Parking Spaces 4
Private Pool No
Building
Lot Description Corner Lot
Story 2
Foundation Raised
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4284009010
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Greg Trotter • Coldwell Banker Realty
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