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$3,875,000
Est. payment /mo
6,407 Sqft Lot
UPDATED:
02/02/2025 02:22 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81979035
HOA Y/N No
Year Built 1961
Annual Tax Amount $46,935
Lot Size 6,407 Sqft
Property Description
Major changes! Updated 10-unit building in Santa Monica. This is a prime location close to everything. Restaurants, ocean and all the west side has to offer. The building has just been painted, dual-pane windows have been installed, and a new roof within the last two years, the building has been repiped and had a lot of new electrical done. The building has completed the soft story retrofit work and had new earthquake valves installed. Eight of the units have just been remodeled, 1 units is vacant and being advertised. Most of the kitchens have new cabinets, counters, sinks, and faucets. Some have new tile and all units are freshly painted. Several units have received new flooring. Most of the bathrooms have had total or partial remodels. Most of the units have new appliances installed. There is covered parking for 10 cars. There is a new washer and dryer on the premises that is fully owned. The owner has invested a lot of money over the last two years. The vacancy and expenses are estimated as the building has been in the remodeling phase for almost two years. One of the best priced buildings in Santa Monica with a great CAP rate. For access and showings call Harvey Stern 310 741-3636.
Location
State CA
County Los Angeles
Zoning SMR3*
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 10
Schools
School District Santa Monica-Malibu Unified
Others
Tax ID 4272023031
Special Listing Condition Standard
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Listed by Paul Burrowes • David Lyng Real Estate