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
- Price: $ 12,395,000
- MLS ID: SR22147780
- Property Type: Income Home
- WEB ID: PR02281886
- Property Status: Pending
- Lot Size: 29,991sqft
- Near Public Transit
- Parking spaces: 0.00
- Listing Status: Pending
- Listing Agent: Warren Berzack
- Listing Office: Lee & Associates
Based on information from CRISNet MLS as of 7th October 2022 at 10:04am. 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.