Description
** seller financing available. craftsman home + 4 units** a rare opportunity to own a remodeled 5-unit property in the heart of santa monica. this 4,454 sq. ft. building sits on a spacious 7,510 sq. ft. r3 lot, offering excellent adu potential and future development opportunities. the front house is a 2-bed/2-bath craftsman home, which is vacant and ready for an owner-user or new tenant. it features a fireplace, bay window, large living room, hardwood floors, countertop island, in-unit washer and dryer, and both a front and side yard. attached to it, through a separate entrance, is an attic space configured as a 1-bed/1-bath unit with a kitchenette, providing additional space and flexibility. the property's charming garden-style design enhances its curb appeal. the rear of the property includes four units: two 1-bed/1-bath units (one currently vacant) and two studio units, one of which includes a private deck, allowing an investor to maximize rental income. the building is in excellent condition, with seismic retrofitting completed, a relatively new roof, and copper plumbing. additionally, there are four garages, two of which are separately rented, generating extra income. the property boasts a current cap rate of 5.05% and a grm 13.14, making it a highly attractive investment. with a desirable unit mix, prime location, and potential for additional development, this is a phenomenal opportunity to invest or live in one of santa monica's most sought-after neighborhoods.
Property Type
ResidentialCounty
Los AngelesStyle
ResidentialAD ID
49220748
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Property Details
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Interior Features
Bedroom Information
- Total Bedrooms : 5
Bathroom Information
- Total Baths: 0
- Full Baths: 0
- Half Baths: 0
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Interior Features: Attic
- Property Appliances: Dishwasher,Refrigerator,Dryer,Washer
- Fireplace: Living Room,See Remarks
- Flooring: Wood
Cooling Features
- See Remarks
- Air Conditioning
Fireplace
- Fireplace Features: Living Room,See Remarks
- Has Fireplace: 1
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Exterior Features
Building Information
- Year Built: 1948
Pool Features
- None
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1725
- Lot Size Source: Public Records
- Lot Size Square Feet: 7513
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Listing Information
Listing Price Information
- Original List Price: 2,675,000
- Listing Contract Date: 2025-04-01
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 4282011008
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Door-Single,Garage
- Attached Garage: Yes
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C14 - Santa Monica
- Directions: Just North of Santa Monica Blvd & East of Lincoln Blvd
- Zoning: SMR3*
- Source Property Type: Residential
- Area: C14 - Santa Monica
- Property SubType: Single Family Residence
Building and Construction
- Property Age: 77
- Common Walls: No Common Walls
- Structure Type: Single Family Residence
- Year Built Source: Public Records
- Total Square Feet Living: 4454
- Entry Level: 1
- Entry Location: 1
- Levels or Stories: Multi/Split
- Structure Type: House
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BuyOwner last updated this listing 04/26/2025 @ 13:39
- MLS: SB25072490
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 5 bedrooms which is for sale, it has 4,454 sqft, 7,513 sized lot, and 4 parking. are nearby neighborhoods.