MAJOR PRICE REDUCTION. 5.53% current CAP factoring new taxes. No City of Santa Monica rent control; CA rent control only. Current 5.53% CAP with upside! Excellent curb appeal, pride of ownership property. The building is located in high tenant demand Pico area in the center of Santa Monica. The Pico area is known as one of the best neighborhoods in the City, and the Los Angeles area, with many restaurants and amenities nearby. Centrally located, just two miles from Santa Monica Beach, Santa Monica Pier and downtown. Close to many public transits stops and easy access to the 10 Freeway. Neighboring communities include the prime areas of Brentwood, West Los Angeles, Venice Beach and Marina Del Rey. Charming building with serene garden and beautiful buildings surrounding the property. Four units have been fully upgraded including in-unit laundry. One additional unit with partially upgraded kitchen and flooring and one unit has new bathroom. The unit mix consists of seven 1 bed/1 bath and one 2 bed/ 1 bath. Newly finished ADU unit being delivered tenant-ready, offering immediate upside. Property has been well maintained. New copper piping throughout the attic. Staircase redone 2014; New front fence 2021. Minimum maintenance requirements with upside potential from remaining non-upgraded units. Parking spaces in the back plus attached garage. No soft-story required. There is potential to convert garage to a second bedroom for the ADU. (Buyer to verify.) Two units deeded as low and moderate income until 2042. Buyer to verify any and all information regarding property. PLEASE DO NOT DISTURB TENANTS.
|
DAYS ON MARKET
|
31
|
LAST UPDATED
|
2/11/2025
|
|
YEAR BUILT
|
1986
|
COMMUNITY
|
Santa Monica
|
|
GARAGE SPACES
|
1.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
|
Prior to Feb 11, '25
|
$2,525,000
|
| Feb 11, '25 - Today |
$2,390,000 |
| APPLIANCES |
Dryer, Washer |
| AREA |
Santa Monica |
| GARAGE |
Concrete, Door-Single, Garage, Garage Faces Rear, On Site, One Space, Yes |
| HOA DUES |
0 |
| LOT |
7486 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre, Level, Near Public Transit, Rectangular Lot |
| PARKING |
Concrete,Door-Single,Garage,On Site,Garage Faces Rear,One Space |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| WATER |
Public |
| ZONING |
SMR2* |
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Stark to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Mark Epstein & Associates
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 2/22/25 2:29 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
This IDX solution is (c) Diverse Solutions 2025.
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