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UPDATED 10-UNIT BUILDING IN SANTA MONICA 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 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 had new earthquake valves installed. Seven of the units have just been remodeled, 2 units are vacant and being advertised. 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. Three of the units have new appliances installed. 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 and appliances in four of the remodeled units. For access and showings call Harvey Stern 310 741-3636. Pro-forma CAP Rate over 5!
Property Type(s):
Commercial
| Last Updated | 1/6/2025 | Year Built | 1961 |
|---|---|---|---|
| County | Los Angeles |
SCHOOLS
| School District | Santa Monica-Malibu Unified |
|---|
Price History
| Prior to Sep 5, '24 | $4,150,000 |
|---|---|
| Sep 5, '24 - Jan 6, '25 | $3,975,000 |
| Jan 6, '25 - Today | $3,875,000 |
Additional Details
| AIR | None |
|---|---|
| AIR CONDITIONING | Yes |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| LOT | 6408 sq ft |
| TAXES | 46935 |
| ZONING | SMR3* |
Location
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Listed with David Lyng Real Estate
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