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 appeal and offers long-term growth potential. The property has been meticulously maintained. There are three 1 bedroom/1 bathroom units plus two 2 bedroom/1 bathroom units.… Read More Four of the five units have been remodeled; three feature in-unit laundry, the other two units have private laundry inside their garage. There are refinished hardwood floors, two of the three front units have split AC units, quartz/granite countertops and tiled showers. In January 2025 a new roof was installed on the rear building, and in late 2024 the front building was recoated. Two of the front units have individual enclosed garages; three units have assigned parking. This property offers both immediate rental income and long-term growth potential. 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 a fantastic opportunity for investors seeking a steady cash flow in a thriving market. There is an excellent property management company in place. Read Less
Courtesy of Coldwell Banker Realty 310-458-0091
Listing Snapshot
Days Online
103
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
$1.99M
0%
(avg) sold price
10
-44%
homes sold
49
-46%
(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
The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.
Confirm your time
Fill in your details and we will contact you to confirm a time.
