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1825 Pearl St

Santa Monica, CA 90405
  • $1,300,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 21-108377
$1,300,000
  • 4
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,376
    SQFT
  • $547
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1939
County:
Area:

Description

Incredible opportunity in the heart of Santa Monica! Situated in a premier location in Sunset Park, this triplex opportunity is nestled a stone's throw from Santa Monica College, and a mere minutes to some of the westside's best restaurants, coffee shops, parks, and golf course. This traditional fourplex sits on a 6,100 + sqft lot, offering a 2 Bdrm/1 Bath unit, and a 1 Bdrm/1 Bath unit -- both of that are tenant-occupied. There is another unit that is currently not habitable, and another unit on the property w/ 4 garages are attached. Exuding charm, as you step into the property you will be surrounded by lush greenery. Both units are currently leased out at under-market rents, and it is unknown if there are any formal lease agreements in place; sellers make no guarantees. Calling all investors, developers, or owners/users - this property offers upside potential and tons of opportunity! All tenant-occupied units will not be delivered vacant, Buyers will be taking on all tenants, the property will be sold "as-is" and sellers will not be making any repairs or giving any credits. Offers will need to be presented, through a specific Mandatory Bid Process. **There will be 1 opportunity to walk through property for prospective bidders, on May 20, 2022 @ 10:00am (must be at property no later than 10:00m to participate)** **Please see private remarks for details on the bidding process, instructions, and required documents**

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-28T23:42:55.19. 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.
www.searchdesertrealestate.com/homes/128659022
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1825 Pearl St Santa Monica, CA 90405

  • Price: $1,300,000
  • Status: Active
  • On Site: 16 Days
  • MLS #: 21-108377
4
Beds
0
Baths
0
½ Baths
0.14
Acres
2,376
SQFT
$547
$/SQFT
1939
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
School District:
Santa Monica-Malibu Unified School District
Property Description
Incredible opportunity in the heart of Santa Monica! Situated in a premier location in Sunset Park, this triplex opportunity is nestled a stone's throw from Santa Monica College, and a mere minutes to some of the westside's best restaurants, coffee shops, parks, and golf course. This traditional fourplex sits on a 6,100 + sqft lot, offering a 2 Bdrm/1 Bath unit, and a 1 Bdrm/1 Bath unit -- both of that are tenant-occupied. There is another unit that is currently not habitable, and another unit on the property w/ 4 garages are attached. Exuding charm, as you step into the property you will be surrounded by lush greenery. Both units are currently leased out at under-market rents, and it is unknown if there are any formal lease agreements in place; sellers make no guarantees. Calling all investors, developers, or owners/users - this property offers upside potential and tons of opportunity! All tenant-occupied units will not be delivered vacant, Buyers will be taking on all tenants, the property will be sold "as-is" and sellers will not be making any repairs or giving any credits. Offers will need to be presented, through a specific Mandatory Bid Process. **There will be 1 opportunity to walk through property for prospective bidders, on May 20, 2022 @ 10:00am (must be at property no later than 10:00m to participate)** **Please see private remarks for details on the bidding process, instructions, and required documents**
Exterior Features

Lot Description Fenced Lot Size Area 6149 Other Structures None Parking Garage Garage Style California Bungalow Total Parking 4 View Description None View YN No

Interior Features

Baths Total 4.00 Cooling None Equipment Refrigerator Heating Floor Furnace

Property Features

Gross Income 0 Gross Operating Income 0 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Net Operating Income 0.00 Number Of Buildings 1 Number Of Units 4 Property Condition Value Mainly In LandRepairs Major Sale Type Standard Security Features Gated Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityGasWater Total Annual Expense 0 Type Of Units Bungalow Water Public Year Built Source Assessor Zoning Smr2*

Listing provided courtesy of Tamra (Tami) Pardee DRE#01421451 of Pardee Properties.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-28T23:42:55.19. 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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