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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,250,000

Est. payment - /mo

7 Beds

5 Baths

3,219 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,219 sqft

Price per Sqft $698

MLS Listing ID 25486165

Bedrooms 7

HOA Y/N No

Year Built 1938

Lot Size 6,764 Sqft

Property Description

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. 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. There is a new roof on the rear building, the front building has been 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 is a fantastic opportunity for investors seeking a steady cash flow in a thriving market. There is an excellent management company in place.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Heating Wall Furnace

Flooring Wood

Fireplaces Type None

Fireplace No

Appliance Refrigerator, Dryer, Washer

Laundry Common Area

Exterior

Parking Features Assigned

Building

Story 2

Entry Level One,Two

Architectural Style Spanish

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 4273019010

Special Listing Condition Standard

Read Less Info

Listed by Julie Lovett • Coldwell Banker Realty

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2517 20th ST Santa Monica, CA 90405