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,… Read More 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 on the rear building, the front building has been recoated. 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. This is a fantastic opportunity for investors seeking a steady cash flow in a thriving market. Read Less
Courtesy of Coldwell Banker Realty 310-458-0091
Listing Snapshot
Days Online
52
Last Updated
Property Type
Other
Beds
7
Square Ft.
3,219
Lot Size
0.16 Acres
Year Built
1938
MLS Number
25-486165
30 Days Snapshot Of 90405
$2,643k
-3%
(avg) sold price
26
+85%
homes sold
70
-21%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Range/Oven, Dryer, Washer
Building
3,219 sq ft, Built in 1938, Levels: One, Two, Spanish
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