2002 Montana Ave Santa Monica, CA 90403
Active
$3,300,000
6 Units
8 Beds
6 Baths
4,528 Area(sq.ft.)
8,003 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 1 | 1 | No | $ 6,868 | $ 6,868 | $ 10,400 |
| Unit 2 | 2 | 2 | 1 | No | $ 6,171 | $ 6,171 | $ 6,800 |
| 2 | 6 | 8 | 6 | $ 39,814 | $ 39,814 | $ 55,200 |
| MLS #: | 24-427103 |
| Days On Market: | 46 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 729 |
| Price per unit: | $ 550,000 |
| Year Built: | 1941 |
Property Details
Great Investment opportunity in Santa Monica! Bread and butter income property on a corner lot on Montana Avenue. High visibility, well trafficked area-- easy rentals. The building is located in a desirable residential neighborhood, just minutes from shopping, dining, and more! Coastal living at it's finest! This apartment is located just off the beaten path on beautiful Montana Avenue in Santa Monica. Ride your bike to the beach or take a drive up Sunset Blvd., access to all that LA has to offer is at your fingertips!Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 154,104 |
| Total Annual Expense: | $ 62,950 |
| Net Operating Income: | $ 91,154 |
| Gross Annual Income: | $ 158,870 |
| Cap Rate: | 2.77% |
| Gross Rent Multiplier: | 20.77 |
Structure
| Type of Units: | Mix |
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Garage |
Interior
| AC/Cooling: | None |
| Equipment: | Refrigerator, Range/Oven |
| Heating: | Other |
Exterior
Detailed Map
Schools
Find a great school for your child
Income
