Description
5-unit multifamily investment opportunity in prime santa monica. this exceptional property offers a rare opportunity in an unbeatable santa monica location, just moments from the iconic santa monica pier, venice beach, and the area's stunning coastline. with a current 5.00% cap rate and 13.06 grm, there is upside potential to increase to a 5.48% cap rate and 12.27 grm. property highlights* front duplex-perfect owner occupy unit: features a spacious 3-bedroom, 3-bathroom unit, perfect for owner occupancy. it offers flexibility to be used as a 2-bedroom, 2-bath unit with a 1-bedroom, 1-bath unit, each with private entrances, fireplaces, and patios. * studio unit: includes a large private deck, ideal for added comfort and outdoor enjoyment. * rear units: two well-sized 1-bedroom, 1-bath units (600 sf each) and one bachelor unit. * additional amenities: a shared laundry room, four enclosed garages, and beautifully maintained grounds. all units boast separate entrances, hardwood floors, and tasteful finishes throughout. the property features 100% copper piping, an upgraded electrical panel, and offers spacious, well-appointed interiors in each unit. this is an incredible opportunity for investors or an owner-user seeking a flexible living arrangement in the highly desirable area of santa monica.***owner-user opportunity: the vacant 3-bedroom, 3-bathroom front unit is perfect for an owner-user, offering the flexibility to live in a spacious 2-bed***prime santa monica location: moments from the santa monica pier, venice beach, and the vibrant local lifestyle.***modern upgrades: property features 100% copper piping, an updated electrical panel, a shared laundry room, four enclosed garages, and beautifully main***upside potential: current 5.00% cap rate and 13.06 grm with potential to achieve 5.48% cap rate and 12.27 grm.***spacious units: all units are generously sized and include hardwood floors, separate entrances, and tasteful finishes.***contact us for an om***
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
46393046
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Property Details
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Interior Features
Bedroom Information
- Total Bedrooms : 5
Bathroom Information
- Total Baths: 7
- Full Baths: 0
- Half Baths: 0
Interior Features
- Property Appliances: Dryer,Washer
Cooling Features
- None
- Air Conditioning
Heating Source
- Forced Air
- Has Heating
-
Exterior Features
Building Information
- Year Built: 1948
- Building Area Total: 4,454
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1725
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 7513
-
Listing Information
Listing Price Information
- Original List Price: 2,695,000
- Listing Contract Date: 2024-07-15
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 4282011008
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Attached Garage: Yes
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C14 - Santa Monica
- Directions: Just North of Santa Monica Blvd, 2 blocks east of Lincoln
- Zoning: SMR3*
- Source Property Type: Residential Income
- Area: C14 - Santa Monica
Building and Construction
- Property Age: 76
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 4454
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 12/18/2024 @ 20:37
- MLS: 24416825
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 5 bedrooms which is for sale, it has 4,454 sqft, 7,513 sized lot, and 4 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Santa Monica , in zip code 90401, this Los Angeles County Home are nearby neighborhoods.