Bought with Dan Mirakhor • Berkshire Hathaway HomeServices California Properties
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Key Details
Sold Price $2,484,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,641 sqft
Price per Sqft $682
MLS Listing ID CRNP24046247
Sold Date 05/21/24
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1924
Lot Size 6,612 Sqft
Property Description
Welcome to your next investment opportunity in the heart of Santa Monica's prestigious Wilshire Montana neighborhood! This meticulously maintained 5-unit property boasts a desirable unit mix, including four spacious 1-bedroom/1-bathroom apartments and a charming freestanding home with 2 bedrooms and 2 bathrooms. Investors will appreciate the convenience of four single-car garages dedicated to the 1-bedroom units, offering tenants coveted parking in this sought-after area. Each unit is equipped with separate meters, ensuring hassle-free management and maximizing efficiency for potential landlords. Generating additional income, the property features an onsite laundry area, further enhancing its appeal to savvy investors looking to optimize revenue streams. Situated on a nearly 7,000 square foot lot, with alley access, this property offers both space and convenience. Don't miss out on this rare opportunity to own a prime multi-family property in one of Santa Monica's most coveted neighborhoods. Seize the potential for steady cash flow and long-term appreciation in this thriving rental market. Take the next step towards building your investment portfolio with this exceptional property!
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling See Remarks
Fireplace No
Laundry Other
Building
Water Public
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