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753 22ND St

Santa Monica, CA 90402
  • $2,995,000
  • STATUS: Active Under Contract
  • ON SITE: 75 Days
  • MLS #: 22-133969
Under Contract
UPDATED: 19 min ago
$2,995,000
  • 6
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,918
    SQFT
  • $1,026
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1940
County:
Area:

School Ratings & Info

Description

Very rare opportunity to own an income property in the unrivaled North of Montana location. Just blocks away from world-class shops, restaurants & schools on Montana Ave, and minutes to Brentwood Country Mart. This true value-add opportunity consists of two separate structures on a larger corner lot. The front building, 2221 Montana Ave has two 2 BR + 1 bath, the downstairs unit will be delivered vacant and the upstairs unit is occupied for $2,561/month. The back building, 753 22nd St consists of two 1 BR + 1 bath, renting at $1,986 and $1,845/month. All 4 parking garages will be delivered vacant with the potential to convert them to an ADU. Opportunity to add additional income by utilizing the on-site laundry and renting out an available storage unit. Endless opportunity to add value or build new on this once-in-a-generation trophy location!

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T13:43:06.753. 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/126587873
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753 22ND St Santa Monica, CA 90402

  • Price: $2,995,000
  • Status: Active Under Contract
  • On Site: 75 Days
  • Updated: 19 min ago
  • MLS #: 22-133969
6
Beds
0
Baths
0
½ Baths
0.14
Acres
2,918
SQFT
$1,026
$/SQFT
1940
Built
Neighborhood:
Santa Monica
County:
Los Angeles
Area:
Santa Monica
Property Description
Very rare opportunity to own an income property in the unrivaled North of Montana location. Just blocks away from world-class shops, restaurants & schools on Montana Ave, and minutes to Brentwood Country Mart. This true value-add opportunity consists of two separate structures on a larger corner lot. The front building, 2221 Montana Ave has two 2 BR + 1 bath, the downstairs unit will be delivered vacant and the upstairs unit is occupied for $2,561/month. The back building, 753 22nd St consists of two 1 BR + 1 bath, renting at $1,986 and $1,845/month. All 4 parking garages will be delivered vacant with the potential to convert them to an ADU. Opportunity to add additional income by utilizing the on-site laundry and renting out an available storage unit. Endless opportunity to add value or build new on this once-in-a-generation trophy location!
Exterior Features

Lot Size Area 6115 Other Structures Other Parking Garage Garage Is Detached Total Parking 0

Interior Features

Baths Total 4.00 Cooling None Equipment Other Heating Other

Property Features

Assessed Total Value 525739 Gross Income 118704 Gross Operating Income 0 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Net Operating Income 0.00 Number Of Buildings 2 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 0 Type Of Units Town Home Year Built Source Vendor Enhanced Zoning Smr2*

Listing provided courtesy of Bjorn Farrugia DRE#01864250 of Hilton & Hyland.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T13:43:06.753. 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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The John Jay Group - Bennion Deville Homes
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