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Trophy property in the highly coveted North of Wilshire pocket of Santa Monica generates close to $20,000 per month in revenue! This extensively remodeled 5-unit property offers an attractive mix of a front 3-bedroom/2 bathroom 1,500 sq ft home (perfect for an owner-user!), 2 studio units and 2 one bedroom units. You can live in the front house and still generate over $10,000/month in income or simply collect the rents from all 5 remodeled units. Enjoy Santa Monica living at its finest in this extensively updated trophy property, just one block away from the best shopping, dining, restaurants and entertainment Montana Avenue has to offer. Very low maintenance in this property which showcases a beautiful and quaint quiet courtyard. All units boast updated kitchens with newer countertops/appliances/cabinets, beautiful refinished wood flooring and updated bathrooms. Other highlights include large closet spaces, extra storage available for potential upside income and owned onsite laundry machines. Trophy buildings like this in a fantastic neighborhood that can serve as an owner-occupied opportunity with income do not come on the market very often!
Property Type(s):
Residential Income
| Last Updated | 1/6/2025 | Year Built | 1949 |
|---|---|---|---|
| Community | Santa Monica | County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Vented Exhaust Fan, Washer |
| AREA | Santa Monica |
| GARAGE | Assigned, Covered, Yes |
| HEAT | Baseboard |
| INTERIOR | Ceiling Fan(s) |
| LOT | 7500 sq ft |
| LOT DIMENSIONS | 50x150 |
| PARKING | Assigned,Covered |
| STORIES | 2 |
| VIEW | Yes |
| VIEW DESCRIPTION | Courtyard |
| ZONING | SMR2* |
Location
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Listed with Ashby & Graff
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