Description
This trophy property features 9,318 square feet of rentable area and is situated on a 8,000-square foot lot. The 7-unit building is composed of Two (2) XXL 2-bedroom/2-bathroom units with huge front decks that are approximately 1450 SF and Five (5) XL 2-bedroom/2-bathroom units that are approximately 1250 SF. Two of the units will be upgraded by the close of escrow to condo quality (as seen in the pics). The rest are in great shape, just not condo-quality. Many have hardwood floors and granite in the kitchen. Each unit has a balcony or patio. The building has been well-maintained. The roof is four years old, it's 100% copper plumbing and has an updated electrical panel. 3 of the units have laundry hookups in unit, the rest use the laundry on site. It's gated and the EQ retrofit will be totally complete by COE. There's 11 on-site parking (2 tandem in the front and 2 tandem in the rear) for tenants. Compare for yourself, this property has the lowest price per square foot of any comparable area in Santa Monica - and the property has about 35% upside.
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14BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
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9,318SQFT
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$590$/SQFT
School Ratings & Info
Description
This trophy property features 9,318 square feet of rentable area and is situated on a 8,000-square foot lot. The 7-unit building is composed of Two (2) XXL 2-bedroom/2-bathroom units with huge front decks that are approximately 1450 SF and Five (5) XL 2-bedroom/2-bathroom units that are approximately 1250 SF. Two of the units will be upgraded by the close of escrow to condo quality (as seen in the pics). The rest are in great shape, just not condo-quality. Many have hardwood floors and granite in the kitchen. Each unit has a balcony or patio. The building has been well-maintained. The roof is four years old, it's 100% copper plumbing and has an updated electrical panel. 3 of the units have laundry hookups in unit, the rest use the laundry on site. It's gated and the EQ retrofit will be totally complete by COE. There's 11 on-site parking (2 tandem in the front and 2 tandem in the rear) for tenants. Compare for yourself, this property has the lowest price per square foot of any comparable area in Santa Monica - and the property has about 35% upside.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-21T21:42:53.26. 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.