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6 UNITS IN SANTA MONICA – OFF MARKET

1844-1846 12TH STREET, SANTA MONICA, California 90404

$1,697,500
6 UNITS IN SANTA MONICA – OFF MARKET

Property Details

Beds0 Baths0 Garage0

Property Description

Great Santa Monica Beach location ideal for investor and/or owner user. In desirable Sunset Park Neighborhood and Santa Monica Malibu School District. Add value in turning around an underutilized property with the right hands on management. Close to SMCC, check the upcoming new Light Rail Metro System, Main Street shops, restaurants and the Santa Monica Pier. High demand area with very low supply.

INSIDE WITH ACCEPTED OFFER ONLY
DRIVE BY ONLY, DO NOT DISTURB TENANTS

Property Summary

Rare opportunity for investor and/or owner user to purchase great Santa Monica Beach location in desirable Sunset Park Neighborhood. Property is individually metered for gas and electric. Rear building with 4 Units has 100G solar powered water heater. Carport steel earthquake retrofitting completed July 28, 1995. Add Value in turning around an underutilized property with the right hands on management. Located in the desirable Santa Monica Malibu Unified School District.

INSIDE WITH ACCEPTED OFFER ONLY

DRIVE BY ONLY, DO NOT DISTURB TENANTS

Unit #                               Unit Mix                               Current Rent                      

1844 12th              1 Bedroom – 1 Bath                          $   768.93

1846 12th              1 Bedroom – 1 Bath                           $ 1,268.93

1846 12th – A         2 Bedroom – 1 Bath                           $   885.93

1846 12th – B          2 Bedroom – 1 Bath                         $   983.93

1846 12th – C         1 Bedroom – 1 Bath                           $ 1,328.93

1846 12th – D         1 Bedroom – 1 Bath                          $    833.93

 

2 Garages ($100 each)                      $   200.00

Laundry                                              $   120.00

Storage                                               $     90.00

Total Monthly Scheduled Income:                                  $   6,480.58

Total Yearly Scheduled Income:                                     $ 77,766.96

UNIT MIX:     4 One Bedroom – One Bath

2 Two Bedroom – One Bath

 

Price Per Unit: $300,000

Thomas Guide: 671-2G

South of Olympic Blvd.

North of Pico Blvd.

East of Lincoln Blvd.

Property Type

Property Status:

Property Features

Location

1844-1846 12TH STREET, SANTA MONICA, California 90404

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