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$ 1,470,000
Est. payment | /mo
3 Beds
3 Baths
1,122 SqFt
$ 1,470,000
Est. payment | /mo
3 Beds
3 Baths
1,122 SqFt
Key Details
Property Type Multi-Family
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 1,122 sqft
Price per Sqft $1,310
MLS Listing ID SB25120412
Bedrooms 3
Full Baths 3
Year Built 1948
Property Sub-Type All Other Attached
Property Description
**Seller is offering a rate buy-down to 5.625% for qualified buyers, lowering the monthly mortgage payments by nearly $1,000! This property and rate will not last! After net expenses, a buyer could expect to pay approximately $1,993 per month, which is less than the average rent in Santa Monica!** This turnkey Mid-Century style triplex is located in the heart of Santa Monica's Sunset Park, just steps from everything Ocean Park Blvd has to offer. Its perfect for someone looking to live in one unit and rent out the others. The property features two fully remodeled vacant 1-bedroom units and a studio unit, allowing a buyer the opportunity to move in immediately at the close of escrow. Each unit features hardwood floors, vaulted ceilings, recessed lighting, AC, and stylish finishes like backsplash tile and stainless steel appliances in the kitchen. The one-bedroom units each enjoy a huge private fenced patio, which will extend your living and entertaining space, especially for those beautiful Santa Monica summer days. As a bonus, this gives a big boost to your potential rental income. Major system upgrades include copper plumbing, updated drain lines, upgraded electrical systems, and new water heaters, providing peace of mind to any buyer. Additionally, on-site storage containers offer extra utility and can generate additional income. A buyer can also build 3 additional units and generate up to a 8.37% cap rate! With an unbeatable walk score, this property is located near Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and a variety of local
Location
State CA
County Los Angeles
Zoning SMR3
Direction E of Cloverfield Blvd
Interior
Cooling Central Forced Air
Fireplace No
Exterior
Garage Spaces 3.0
View Y/N Yes
Water Access Desc Public
View Other/Remarks
Accessibility Parking
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories 1
Others
Tax ID 4272023032
Special Listing Condition Standard
Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "