Description
Excellent investment opportunity in the heart of Santa Monica. This 6-unit gem features two separate structures. The front structure, a single family home with 2 bedrooms and 2 baths, and will be delivered vacant. The back structure is 5-unit, two-story building. Four of the units have 2 bedrooms and one bath. The last unit has 1 bedroom and 1 bath. Four of the units have been upgraded. Excellent CAP rate of over 6 and a gross rent multiplier of 14. With a monthly estimate of $4,100 for the vacant single family home, the rents will be $14,250 per month. Separate laundry room with coin operated washer/dryer.
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11BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
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4,800SQFT
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$490$/SQFT
School Ratings & Info
Description
Excellent investment opportunity in the heart of Santa Monica. This 6-unit gem features two separate structures. The front structure, a single family home with 2 bedrooms and 2 baths, and will be delivered vacant. The back structure is 5-unit, two-story building. Four of the units have 2 bedrooms and one bath. The last unit has 1 bedroom and 1 bath. Four of the units have been upgraded. Excellent CAP rate of over 6 and a gross rent multiplier of 14. With a monthly estimate of $4,100 for the vacant single family home, the rents will be $14,250 per month. Separate laundry room with coin operated washer/dryer.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-01T19:42:50.527. 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.