1824 Michigan Ave is a seven-unit property comprised of two separate structures situated on an over 16,000 SF lot in the heart of Santa Monica. The asset is ideally located minutes from Santa Monica College, the 10 Freeway, Downtown Santa Monica, and major tourist attractions. The property is comprised of… Read More a 3BR/2BA single-family residence that will be delivered vacant, along with a separate six-unit apartment structure. A compelling value-add opportunity exists through the completion of two ADUs, with plans and permits fully approved and paid for, and the structural framework already in place allowing a new owner to immediately capitalize on increased density and rental income with minimal entitlement risk. The unit mix on the six unit building is: One Single, One 1BR, 1BA, Four 2BR, 1BA. The Two approved ADU's that the owner has already began work on are a 2BR 1BA, and a 3BR, 2.5BA. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
30
Last Updated
Property Type
Other
Beds
13
Square Ft.
5,160
Lot Size
0.37 Acres
Year Built
1922
MLS Number
26649501
30 Days Snapshot Of 90404
$1.34M
+62%
(avg) sold price
7
+250%
homes sold
44
-73%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Stackable W/D Hookup
Building
5,160 sq ft, Built in 1922, Levels: One
Cooling
Central
Disclosures
None
Garage
Driveway, Electric Vehicle Charging Station(s)
Heating
Central
Laundry
In Unit
Lot
LotAcreage: 0.3676, LotSizeArea: 16,014, LotSizeDimensions: 100x160, 2-4 Lots, Front Yard, Alley Access, Corner Lot
Parking
TotalParking: 4
Property
NumberOfUnits: 7, Zoning: SMR2*, Additions/Alter
Utilities
Multi-Tank, Tankless, Gas
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