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.
|
DAYS ON MARKET
|
230
|
LAST UPDATED
|
2/1/2025
|
|
YEAR BUILT
|
1961
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Commercial
|
| School District |
Santa Monica-Malibu Unified |
|
Prior to Sep 5, '24
|
$4,150,000
|
|
Sep 5, '24 - Jan 6, '25 |
$3,975,000
|
| Jan 6, '25 - Today |
$3,875,000 |
| AIR |
None |
| AIR CONDITIONING |
Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| LOT |
6408 sq ft |
| TAXES |
46935 |
| ZONING |
SMR3* |
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Listed with David Lyng Real Estate
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/21/25 6:49 PM PDT and /or other sources. 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
This IDX solution is (c) Diverse Solutions 2025.
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