$2,095,000
$2,175,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
3,084 SqFt
SOLD DATE : 10/23/2024
Key Details
Sold Price $2,095,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,084 sqft
Price per Sqft $679
MLS Listing ID 24405217
Sold Date 10/23/24
Bedrooms 6
HOA Y/N No
Year Built 1939
Lot Size 6,490 Sqft
Property Description
Motivated Seller just reduced from $2,350,000 to $2,175,000 CAP RATE NOW is 5% Prime Santa Monica blocks from the beach...Charming Immaculate Pride of ownership 4 plex first time on market in 23 years. 2 / 2 Bed 1 bath & 2 / 1bed 1 bath. Buildings have been maintained with consistant attention to detail throughout the years...Including recent termite tenting 1/2023, sewer mainline connection, Copper re-pipe & Gas repipe. Includes a laundry room with seller owned new coin machines with annual income of approx. $2400. Great tenants...5 garages with one vacant/owner...potential to add second garage to make ADU..very easy management. Bread & Butter building with very low maintenance. 5 garages....1 garage come vacant w/estimated income of $400 which would change CAP RATE to 5.22
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Dishwasher
Exterior
View Y/N Yes
View Courtyard
Total Parking Spaces 5
Building
Faces South
Story 2
Entry Level Two
Architectural Style Traditional
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4284002017
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Mei-Mei Liu • Berkshire Hathaway Home Servic
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "