This is a value add investment opportunity in a great location. The property features a mix of studios and a 2-bedroom unit with abundant outdoor space and on-site parking. As an investment, the property offers investors an incredible value add opportunity. With approximately 20% upside in rents,… Read More an investor can implement a strategic interior and exterior renovation with the goal of increasing rents and taking advantage of the strength of the Santa Monica market. A detached garage provides excellent potential to create an ADU. The property also features coin operated laundry on-sire. Read Less
Listing Snapshot
Days Online
27
Last Updated
Property Type
Other
Square Ft.
3,454
Lot Size
0.13 Acres
Year Built
1949
MLS Number
25581277
30 Days Snapshot Of 90405
$2.02M
+8%
(avg) sold price
16
+6%
homes sold
65
+12%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1949, Building area total: 3,454, Levels: One, Living area: 3454, 1 story, 1 building
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross income: $156,296, Net operating income: $90,505
Lot
0.133 acres, 5,795 square feet, Size: 5,795
Parking
6 totals parking, DoorMulti, Garage, Uncovered
Property
Zoning: SMR3*
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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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