Active
$1,795,000
6 Units
9 Beds
6 Baths
4,482 Area(sq.ft.)
Lot: 7,517 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | n/a | n/a | $ 3,500 |
| Unit 2 | 1 | 2 | 1 | No | $ 1,000 | $ 1,000 | $ 3,500 |
| Unit 3 | 1 | 2 | 1 | No | $ 1,100 | $ 1,100 | $ 3,500 |
| Unit 4 | 1 | 1 | 1 | No | $ 900 | $ 900 | $ 2,500 |
| Unit 5 | 1 | 1 | 1 | No | $ 1,790 | $ 1,790 | $ 2,500 |
| Unit 6 | 1 | 1 | 1 | No | n/a | n/a | $ 2,500 |
| 6 | 9 | 6 | $ 4,790 | $ 4,790 | $ 18,000 |
| MLS #: | 25518647 |
| Days On Market: | 258 |
| Listing Date: | March 31, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 400 |
| Price per unit: | $ 299,167 |
Property Details
2 vacant units!! Incredible investment opportunity and owner/user apartment building close to Santa Monica College. There are two separate buildings - side by side one story one bedroom cottages (one is vacant) in the rear of the property and a two story 4 unit building (upper front 2 bedroom apartment is vacant) in front. Off the alley there are 5 side by side open parking spaces. Stairs and deck inspections "passed" by the city of Santa Monica. This exciting opportunity sits on a large 7,517 square foot lot. *Inside with an accepted offer only*Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 33% |
| Gross Operating Income: | $ 129,480 |
| Total Annual Expense: | $ 26,517 |
| Net Operating Income: | $ 102,963 |
| Gross Annual Income: | $ 129,480 |
| Gross Rent Multiplier: | 13.86 |
Structure
| Type of Units: | Apartments |
| Buildings: | 2 |
| Levels: | Two |
| Style: | Traditional |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Side By Side, Uncovered |
Interior
| AC/Cooling: | None |
| Equipment: | Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer, Cable |
| Heating: | Wall |
Exterior
Detailed Map
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