$12,395,000
For more information regarding the value of a property, please contact us for a free consultation.
0.69 Acres Lot
SOLD DATE : 09/20/2022
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR22147780
Sold Date 09/20/22
HOA Y/N No
Year Built 1956
Lot Size 0.688 Acres
Property Description
This charming portfolio of properties with 50%+ upside offers four apartment complexes on the same block in prime Santa Monica, just a 15-minute walk from the beach!
Totaling 40 units, the properties offer an excellent unit mix of one- and two-bedrooms. In all, the portfolio features 30,488 square feet of rentable space, set on a combined 29,991 square foot lot. Built from 1956 to 1958, this portfolio also presents a tremendous reposition opportunity.
* Prime Santa Monica Location
* 50%+ Upside in Rents
* Excellent Unit Mix
* Terrific Reposition Opportunity
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Pool None
Community Features Street Lights, Sidewalks, Urban
Private Pool No
Building
Lot Description Landscaped, Near Public Transit
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Energy Description 6000.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Warren Berzack Lee & Associates