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 appeal and offers long-term growth potential. The property has been meticulously maintained. There are three 1 bedroom/1 bathroom units plus two 2 bedroom/1 bathroom units.… Read More Four of the five units have been remodeled; three feature in-unit laundry, the other two units have private laundry inside their garage. There are refinished hardwood floors, two of the three front units have split AC units, quartz/granite countertops and tiled showers. In January 2025 a new roof was installed on the rear building, and in late 2024 the front building was recoated. Two of the front units have individual enclosed garages; three units have assigned parking. This property offers both immediate rental income and long-term growth potential. 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. This a fantastic opportunity for investors seeking a steady cash flow in a thriving market. There is an excellent property management company in place. *Please call Jennifer Bhang for showings 310.339.7109.* Read Less
Listing Snapshot
Days Online
98
Last Updated
Property Type
Other
Beds
7
Square Ft.
3,219
Lot Size
0.16 Acres
Year Built
1938
MLS Number
25486165
30 Days Snapshot Of 90405
$1,886k
-7%
(avg) sold price
6
-70%
homes sold
50
-41%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1938, Building area total: 3,219, Levels: One, Two, Living area: 3219, 1 story, 2 buildings, Architectural style: Spanish
Fireplaces
None
Floors
Wood
Heating
WallFurnace
Income
Gross income: $176,492, Net operating income: $125,670
Laundry
CommonArea
Lot
0.1553 acres, 6,766 square feet, Size: 6,766
Parking
Assigned
Property
Zoning: SMR2*
Tenant Pays
CableTv, Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of 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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