Well maintained and ideally located, 11 unit investment opportunity in Santa Monica. The asset is generating $280k in gross income with potential income of $360k. Eight units are renovated and collecting market rents hedging risks of being stuck with legacy tenants while leaving 25% potential upside for added value and income. The location attracts ideal tenants seeking close proximity to tech companies, shopping, beaches, restaurants and a walkable, fun, lifestyle that demands healthy rents. The property features parking for all units. The building is under Santa Monica rent control. Each unit offers spacious, efficient and bright floor plans.
Additional Features
- Landscaped
- Parking spaces: 0.00
- Listing Status: Closed
- Listing Agent: Eric von Bluecher
(lic# 01926201)
of North San Diego County
- Listing Office: Lee & Associates
(lic# 01096996)
- Selling Agent: Chris Arthur
(lic# 01745525)
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Based on information from CRISNet MLS as of 19th April 2024 at 10:37pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
