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ASSUMABLE FINANCING of approximately $3,800,000 @ 3.3% per annum for approx. 7.5 years, amortized over 30 years. Listed at $400,000 below the last sale. Exceptional 9-unit apartment building just 3 blocks to the beach. Seven of the nine units have been significantly renovated, including central heat/air, in-unit washers/dryers, appliances, kitchen and bathroom remodels, and contemporary flooring. Extensive exterior restoration including landscaping, all new windows, smooth re-stucco, hardware, front doors, handrails, new concrete parking surfaces, new electrical panel and meters, and much more. Unit mix features five 1-bedroom units and four 2 bedrooms, 2 bath units, 2 of the units having a penthouse like feeling with private ocean view decks. There are two long-time tenants paying a miniscule of their market-value. Current ownership has NOT offered these two tenants cash for keys. 16 off-street parking spaces.
Property Type(s):
Residential Income
| Last Updated | 7/30/2024 | Year Built | 1960 |
|---|---|---|---|
| Community | Santa Monica | County | Los Angeles |
Price History
| Prior to Jul 30, '24 | $6,700,000 |
|---|---|
| Jul 30, '24 - Today | $6,695,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Refrigerator, Washer |
| AREA | Santa Monica |
| GARAGE | Attached Carport, Carport, Driveway, Garage, Off Site, Tandem, Uncovered, Yes |
| HEAT | Central |
| LOT | 7729 sq ft |
| PARKING | Attached Carport,Carport,Driveway,Garage,Off Site,Tandem,Uncovered |
| STORIES | 3 |
| ZONING | SMOP2* |
Location
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Listed with Keller Williams Larchmont
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