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$2,250,000
Est. payment /mo
3,219 SqFt
UPDATED:
02/11/2025 05:52 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,219 sqft
Price per Sqft $698
MLS Listing ID CL25486165
HOA Y/N No
Year Built 1938
Lot Size 6,766 Sqft
Acres 0.16
Property Sub-Type Other
Property Description
This exceptionally charming 5-unit residential property presents an incredible investment opportunity in a prime Santa Monica location. Built in 1938 this updated property has immense charm and offers long-term growth potential. The property has been meticulously maintained. Four of the five units have been remodeled and three feature in-unit laundry, the other two have private laundry inside their garage. Original, refinished hardwood floors, two of the units have split AC units, two of the units have quartz and granite countertops, and tiled showers. There is gated entry and a new roof. Comprised of 5 units, this property offers both immediate rental income and long-term growth potential. There are three 1 bedroom/1 bathroom units plus two 2 bedroom/1 bathroom units. Two of the front units on the ground level have individual enclosed garages. The two rear units each have a storage garage. Centrally located near transportation, schools, shopping, parks, and the best Santa Monica has to offer. The current tenants are professionals and the units are well maintained. One 1 bedroom/1 bathroom unit will be available 2/1/2025. This is a fantastic opportunity for investors seeking a steady cash flow in a thriving market.
Location
State CA
County Los Angeles
Zoning SMR2
Interior
Heating Wall Furnace
Flooring Wood
Fireplace No
Appliance Dryer
Laundry Community Facility, Dryer, Washer
Building
New Construction No
Others
Tax ID 4273019010
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Listed by Julie Lovett • Coldwell Banker Realty
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