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INCREDIBLE NEWLY RENOVATED INCOME PROPERTY @ 4.7% PROJECTED CAP IN PRIME SANTA MONICA LOCATION - THIS IS THE OPPORTUNITY YOU HAVE BEEN LOOKING FOR! Welcome to this 6-unit investment opportunity -- 3 of the units are already rented, and the remaining will be rented at strong above-market rents by Sellers! This remodeled building has tastefully been updated and fully permitted! Tons of opportunity here and flexibility - rent building at market current market rents, or live in one of the units and rent the others for passive income! //About this property: Located on a tree-lined street this property offers a great unit mix consisting of, (2) 2 Bdrm/1 Bath units plus a den that can function as a 3rd Bedroom, and (4) 2 Bdrm/1 Bath units. Five (5) of the vacant units have been freshly updated with new AC split systems, double-paned windows, new electrical systems, vinyl flooring, and an abundance of natural light flowing throughout the spacious living areas. In addition, enjoy new recess lights, chic wallpaper, and new bathrooms with designer tiles. The kitchens feature brand-new stainless-steel appliances, two-toned, modern, glossy cabinets, and quartz countertops. A communal courtyard space is ideal for gathering or soaking up the sun outdoors. There is a surplus of parking, with 4 carport spaces and two 1 car private garages. The property also offers on-site laundry for all the tenants. //You'll Love: Each unit has its own personality, is turnkey, and in a well-desired location - you will love them all! //The Neighborhood: With easy access to everything, this location is everything! Seconds away from SMC, enjoy the park-like campus to relax or play. Only 1/2 mile to the beach, a short walk to the Expo Line, libraries, parks, the Farmers Market, 365 Wholefoods, and minutes to restaurants and shops on Ocean Park.
| DAYS ON MARKET | 18 | LAST UPDATED | 6/17/2022 |
|---|---|---|---|
| YEAR BUILT | 1963 | COMMUNITY | Santa Monica |
| GARAGE SPACES | 2.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| APPLIANCES | Disposal, Microwave, Oven, Range, Refrigerator |
|---|---|
| AREA | Santa Monica |
| GARAGE | Attached Carport, Covered, Garage, On Street, Side by Side, Yes |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| INTERIOR | Ceiling Fan(s), Recessed Lighting |
| LOT | 7595 sq ft |
| LOT DESCRIPTION | Landscaped |
| PARKING | Attached Carport,Covered,Garage,On Street,Side By Side |
| POOL DESCRIPTION | None |
| SEWER | Other |
| STORIES | 2 |
| STYLE | Contemporary |
| VIEW DESCRIPTION | None |
| ZONING | SMR2* |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by : Samantha Kinnon CalDRE: 01858397 | 310-907-6517, Pardee Properties
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