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Updated 10-unit building in Santa Monica. This is a prime location close to everything. Restaurants, ocean and all the west side has to offer. The present owner kept seven units vacant in order to remodel them but is just starting to rent them. The building has just been painted, dual-pane windows have been installed, and a new roof within the last two years, The building has been repiped and had a lot of new electrical done. The building has completed the soft story retrofit work and installed new earthquake valves. Seven of the units have just been remodeled. Most of the kitchens have new cabinets, counters, sinks, and faucets. Some have new tile and all units are freshly painted. Several units have received new flooring. Most of the bathrooms have had total or partial remodels. The units will have new appliances installed as three additional units are currently being done. Seven units are vacant and can be rented at market price according to the city of Santa Monica. That process has begun. The buyer should verify and double-check that information with the City. There is covered parking for 10 cars. The building will need window coverings in the seven units.
Property Type(s):
Residential Income
| Last Updated | 9/6/2024 | Year Built | 1961 |
|---|---|---|---|
| Community | Santa Monica | County | Los Angeles |
Price History
| Prior to Sep 6, '24 | $4,150,000 |
|---|---|
| Sep 6, '24 - Today | $3,975,000 |
Additional Details
| AIR | None |
|---|---|
| AREA | Santa Monica |
| GARAGE | Covered |
| HEAT | Wall Furnace |
| LOT | 6408 sq ft |
| LOT DIMENSIONS | 49x130 |
| PARKING | Covered |
| SEWER | Other |
| STORIES | 2 |
| ZONING | SMR3* |
Location
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Listed with Vision Realty, Inc.
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