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. in january 2025 a new roof was installed on the rear building, and in late 2024 the front building was 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 a fantastic opportunity for investors seeking a steady cash flow in a thriving market. there is an excellent property management company in place.
Property Type
Residential IncomeCounty
Los AngelesStyle
SpanishAD ID
48383298
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Property Details
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Interior Features
Bedroom Information
- Total Bedrooms : 7
Bathroom Information
- Total Baths: 5
- Full Baths: 0
- Half Baths: 0
Interior Features
- Property Appliances: Refrigerator,Dryer,Washer
- Fireplace: None
- Flooring: Wood
Heating Source
- Wall Furnace
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
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Exterior Features
Building Information
- Year Built: 1938
- Building Area Total: 3,219
Laundry Features
- Common Area
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1553
- Lot Size Dimensions: 50x135
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 6766
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Listing Information
Listing Price Information
- Original List Price: 2,250,000
- Listing Contract Date: 2025-01-20
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 4273019010
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Assigned
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Cable TV,Electricity,Gas
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C14 - Santa Monica
- Postal Code Plus 4: 2748
- Directions: South of Pico, North of Ocean Park Blvd.
- Zoning: SMR2*
- Source Property Type: Residential Income
- Area: C14 - Santa Monica
Building and Construction
- Property Age: 87
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 3219
- Levels or Stories: One,Two
- Building Total Stories: 1
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BuyOwner last updated this listing 04/28/2025 @ 08:34
- MLS: 25486165
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 7 bedrooms which is for sale, it has 3,219 sqft, 6,766 sized lot, and 0 parking. are nearby neighborhoods.