Seven generously sized 2+2 units nestled in an excellent Santa Monica location. This property offers a solid 4.99% in-place Cap rate. Modern features such as copper plumbing, upgraded electrical systems including electrical car chargers in parking area, and a newer roof (2018) ensure durability and efficiency. Four the units have been upgraded with in-unit washers/dryers. Security is enhanced with newly gated premises, providing peace of mind to occupants. Additionally, a newly installed water heater adds further value to the property.Furthermore, investors will find potential for expansion with plans ready to submit for an Additional Dwelling Unit (ADU), capitalizing on the demand for flexible living spaces. Please contact us for an OM.
- Listing Status: Pending
- Listing Agent: Kelly Morgan
(lic# 01898026)
of Out of Area Board
- Listing Office: KW Advisors
(lic# 01499010)
- CO-Listing Agent: Peter Ciriello
(lic# 01418188)
of Beverly Hills/Greater LA
- CO-Listing Office: LA Commercial
(lic# 01525128)
-
Based on information from CRISNet MLS as of 29th April 2024 at 12:44am. 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.
