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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(s):
Residential Income
| Last Updated | 2/11/2025 | Year Built | 1938 |
|---|---|---|---|
| Community | Santa Monica | County | Los Angeles |
Additional Details
| APPLIANCES | Dryer, Refrigerator, Washer |
|---|---|
| AREA | Santa Monica |
| GARAGE | Assigned |
| HEAT | Wall Furnace |
| LOT | 6766 sq ft |
| LOT DIMENSIONS | 50x135 |
| PARKING | Assigned |
| STORIES | 1 |
| STYLE | Spanish |
| ZONING | SMR2* |
Location
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Listed with Coldwell Banker Realty
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