Active
$2,995,000
6 Units
12 Beds
17 Baths
8,946 Area(sq.ft.)
Lot: 7,497 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,221 | $ 1,221 | $ 2,400 |
| Unit 2 | 4 | 2 | 1.75 | No | $ 2,521 | $ 10,130 | $ 13,600 |
| Unit 3 | 1 | 3 | 1.75 | No | n/a | n/a | $ 5,000 |
| 6 | 12 | 11 | $ 11,303 | $ 41,741 | $ 61,800 |
| MLS #: | 25545825 |
| Days On Market: | 189 |
| Listing Date: | May 30, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 335 |
| Price per unit: | $ 499,167 |
| Year Built: | 1966 |
Property Details
First time to market in over 40 years! Great owner-user opportunity in desirable, central Santa Monica location! Beautiful, walk-able mid city neighborhood north of Wilshire Blvd. surrounded by restaurants and shops. Strong unit mix consisting of four spacious townhouse style 2 Bed/1.75 Bath units, one 1 Bed/1 Bath unit, and one large 3Bed/2.75Bath owner's unit that is scheduled to be delivered vacant. The owner's unit is townhouse style with bonus basement room and private two car garage. All units at the property have private patios or balconies.Interested in this Listing?
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Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 190,330 |
| Total Annual Expense: | $ 74,443 |
| Net Operating Income: | $ 115,888 |
| Gross Annual Income: | $ 196,217 |
| Cap Rate: | 3.87% |
| Gross Rent Multiplier: | 15.26 |
Structure
| Type of Units: | Mix |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Carport |
Interior
| AC/Cooling: | None |
| Equipment: | Range/Oven, Refrigerator, Other, Garbage Disposal |
| Heating: | Wall |
Exterior
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