Roque & Mark Co. is pleased to represent this well maintained 6-unit apartment building in the Ocean Park neighborhood of Santa Monica. This property is only 6 blocks to Main St. and 8 blocks to the beach. The front unit is a huge 3 bedroom + 3 baths Owner's Unit… Read More that is approx. 2,000 sf. It has a private, 4 car oversized attached garage with additional driveway parking. Excellent unit mix consisting of (1) 3 beds + 3 baths, (3) 2 beds + 2 baths, and (2) 1 bed + 1 bath + bonus room. The bonus rooms function like a bedroom, just without a closet. The entire building has upgraded dual paned windows. The property is fully occupied and currently offered at a 13 GRM and 510 CAP rate. 5 additional parking spaces located off the alley. Every unit has a reserved parking space. All soft-story retrofitting and balcony inspections have been completed. Several units have been luxuriously upgraded. For investors, this is an opportunity to acquire a solid, well-located coastal multifamily asset with lasting appeal and upside potential in an area known for high barriers to entry and enduring desirability. This is a quiet street despite its close proximity to shops, cafes, and restaurants. Subject to City of Santa Monica rent control. Read Less
Courtesy of Roque & Mark Company, Inc. 310-828-7525
Listing Snapshot
Days Online
6
Last Updated
Property Type
Other
Beds
11
Square Ft.
6,882
Lot Size
0.15 Acres
Year Built
1973
MLS Number
26650045
30 Days Snapshot Of 90405
$2.77M
+97%
(avg) sold price
8
+33%
homes sold
55
-58%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Built-Ins, Dishwasher, Garbage Disposal
Building
6,882 sq ft, Built in 1973, Levels: Multi/Split, Traditional
Cooling
None
Disclosures
None
Garage
4 total garage spaces, Garage - 4+ Car, Garage Is Attached, Carport
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