$3,215,000
$3,299,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
14 Beds
8 Baths
6,004 SqFt
SOLD DATE : 08/14/2024
Key Details
Sold Price $3,215,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,004 sqft
Price per Sqft $535
MLS Listing ID 24369337
Sold Date 08/14/24
Bedrooms 14
HOA Y/N No
Year Built 1959
Lot Size 7,492 Sqft
Property Description
ONLY 10 BLOCKS FROM THE BEACH!!, SOUTH OF MICHIGAN ST , WEST OF 11 TH ST , EAST OF LINCOLN BLVD, Remarks : ONE FRONT UNIT #1 (3+2 + private yard ) currently vacant. 6 Large spacious units in a two story building, well maintained with tremendous cash flow . ONLY 10 blocks from Santa Monica Beach& Pier, 3rd St promenade and Maine (MAIN) street restaurants & shops. The property consists of 2 ( 3bed+2 bath) units and 4 ( 2BED +1BATH ) units. 4 units have stackable washer & dryer inside PLUS A/C- wall units. The building features a community laundry room for tenant's convenience ( see additional income in attached docs) . 9 parking spaces ( 4 tandem spaces + 1 space , including 5 carports spaces). Property is fully occupied, with stable tenants paying on time. Inside entry with an accepted offer, DO NOT DISTURB TENANTS. One unit with well below market rent provides tremendous opportunity for major future rent and gross income increase . Rent roll and estimated financial sheet is in attached MLS documents. All this and there's Space in the rear of the property for Potential ADU build out to increase the property value and cash flow even more !!
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Interior Features Ceiling Fan(s), Multiple Staircases
Heating Wall Furnace
Fireplace No
Appliance Dishwasher, Refrigerator, Dryer, Washer
Exterior
Parking Features Assigned, Detached Carport, Driveway Down Slope From Street
Carport Spaces 5
Pool None
Attached Garage No
Total Parking Spaces 9
Private Pool No
Building
Entry Level Two,Multi/Split
Level or Stories Two, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4283022014
Special Listing Condition Standard
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Bought with Anita Chen • Rodeo Realty - Pacific Palisades