Property Detail

Description

Excellent Santa Monica Location - 1 Block North of Pico Boulevard and Approximately 2 Miles of Santa Monica Beach, Ocean Avenue, 3rd Street Promenade, Main Street & the Santa Monica Pier | Outstanding Unit Mix of (1) 3-Bedroom/2-Bathroom Front Unit, (1) 3-Bedroom/1-Bathroom Unit and (3) 2-Bedroom/1-Bathroom Units | 6.16% Current Cap Rate & 11.74 Current GRM | 6.84% Pro-Forma Cap Rate & 10.85 Pro-Forma GRM | Front 3-Bedroom Unit Contains Private Front Yard and Laundry Room with Washer/Dryer Hook-Ups | Each Unit Contains an Individual Hot Water Heater | Two Units Remodeled with Quartz Counters, Upgraded Bathrooms and Newer Windows | 4,560-SF Building Size on a 6,858-SF Lot | Located Just a Few Blocks from Whole Foods Market, Bergamot Stations Arts Center, Santa Monica Business Park, Water Garden, Trader Joes, Virginia Avenue Park & Expo Line