Description
** seller financing available. craftsman home + 4 units** a rare opportunity to own a remodeled 5-unit property in the heart of santa monica. this 4,454 sq. ft. building sits on a spacious 7,510 sq. ft. r3 lot, offering excellent adu potential and future development opportunities. the front house is a 2-bed/2-bath craftsman home, which is vacant and ready for an owner-user or new tenant. it features a fireplace, bay window, large living room, hardwood floors, countertop island, in-unit washer and dryer, and both a front and side yard. attached to it, through a separate entrance, is an attic space configured as a 1-bed/1-bath unit with a kitchenette, providing additional space and flexibility. the property's charming garden-style design enhances its curb appeal. the rear of the property includes four units: two 1-bed/1-bath units (one currently vacant) and two studio units, one of which includes a private deck, allowing an investor to maximize rental income. the building is in excellent condition, with seismic retrofitting completed, a relatively new roof, and copper plumbing. additionally, there are four garages, two of which are separately rented, generating extra income. the property boasts a current cap rate of 5.05% and a grm 13.14, making it a highly attractive investment. with a desirable unit mix, prime location, and potential for additional development, this is a phenomenal opportunity to invest or live in one of santa monica's most sought-after neighborhoods.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
48859067
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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: Dishwasher,Refrigerator,Dryer,Washer
- Flooring: Wood
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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
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Listing Information
Listing Price Information
- Original List Price: 2,675,000
- Listing Contract Date: 2025-03-06
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
- Garage Description: Door-Single,Garage
Homeowners Association
Rental Info
- Lease Term: Negotiable
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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 & East of Lincoln Blvd
- Zoning: SMR3*
- Source Property Type: Residential Income
- Area: C14 - Santa Monica
Building and Construction
- Property Age: 77
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 4454
- Levels or Stories: Multi/Split
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BuyOwner last updated this listing 03/29/2025 @ 11:40
- MLS: 25506801
- 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 0 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.