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, original, refinished hardwood floors, split AC units, quartz countertops, and tiled showers. There is secured 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. The three front units on the ground level have individual enclosed garages. The two rear units each have uncovered parking. There is a community laundry room for the two rear units. 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.
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DAYS ON MARKET
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1
|
LAST UPDATED
|
1/20/2025
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|
YEAR BUILT
|
1938
|
COMMUNITY
|
Santa Monica
|
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COUNTY
|
Los Angeles
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STATUS
|
Active
|
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PROPERTY TYPE(S)
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Residential Income
|
|
|
| APPLIANCES |
Dryer, Refrigerator, Washer |
| AREA |
Santa Monica |
| GARAGE |
Assigned |
| HEAT |
Wall Furnace |
| LOT |
6766 sq ft |
| LOT DIMENSIONS |
50x135 |
| PARKING |
Assigned |
| STORIES |
1 |
| STYLE |
Spanish |
| ZONING |
SMR2* |
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Listed with Coldwell Banker Realty
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 1/20/25 8:14 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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