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Motivated Seller just reduced from $2,350,000 to $2,175,000 CAP RATE NOW is 5% Prime Santa Monica blocks from the beach...Charming Immaculate Pride of ownership 4 plex first time on market in 23 years. 2 / 2 Bed 1 bath & 2 / 1bed 1 bath. Buildings have been maintained with consistant attention to detail throughout the years...Including recent termite tenting 1/2023, sewer mainline connection, Copper re-pipe & Gas repipe. Includes a laundry room with seller owned new coin machines with annual income of approx. $2400. Great tenants...5 garages with one vacant/owner...potential to add second garage to make ADU..very easy management. Bread & Butter building with very low maintenance. 5 garages....1 garage come vacant w/estimated income of $400 which would change CAP RATE to 5.22
Last Updated | 8/23/2024 | Year Built | 1939 |
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Community | Santa Monica | County | Los Angeles |
Price History
Prior to Jul 8, '24 | $2,395,000 |
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Jul 8, '24 - Jul 22, '24 | $2,275,000 |
Jul 22, '24 - Aug 23, '24 | $2,199,000 |
Aug 23, '24 - Today | $2,175,000 |
Additional Details
AIR | None |
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APPLIANCES | Dishwasher |
AREA | Santa Monica |
HEAT | Wall Furnace |
LOT | 6492 sq ft |
STORIES | 2 |
STYLE | Traditional |
VIEW | Yes |
VIEW DESCRIPTION | Courtyard |
ZONING | SMR2* |
Location
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