Thank you
John Barrentine
Keller Williams Larchmont
323-762-2600
**Prime Investment Opportunity in Santa Monica, California** A rare and exceptional opportunity presents itself with the sale of a charming five-unit apartment building ideally positioned at the prominent corner of Euclid and California in Santa Monica. Located in one of the most sought-after neighborhoods in the area, this property offers a mix of unit sizes in excellent condition, making it a lucrative investment for discerning buyers. Strategically located at the corner of Euclid and California in Santa Monica, California, a highly desirable and affluent area known for its upscale amenities, proximity to the beach, and vibrant community this is a trophy location. The property features a diverse range of unit sizes, catering to different tenant needs and maximizing rental potential. Each unit has been meticulously maintained over the years, showcasing a blend of modern conveniences and classic charm, ensuring a comfortable and appealing living space for residents. With its well-maintained exterior and impeccably landscaped surroundings, the building exudes curb appeal and adds to the overall value of the property. The prime location of the building offers convenient access to a plethora of amenities including top-rated schools, trendy dining options, boutique shopping, parks, and recreation areas, making it an ideal choice for tenants seeking a vibrant and dynamic lifestyle. Strong rental demand in Santa Monica combined with the property's location ensures a steady stream of income for potential investors.- The building's excellent condition and well-maintained units minimize the need for immediate renovations or costly upgrades, saving time and resources for investors. Santa Monica's reputation as a highly desirable rental market with limited supply further enhances the investment potential of this property. Whether as a passive income generator or a long-term investment opportunity, this five-unit apartment building in Santa Monica offers a solid foundation for building wealth and securing financial stability. Don't miss out on this rare chance to acquire a well-positioned, carefully maintained property in one of Santa Monica's most coveted neighborhoods. Contact us today to schedule a viewing and explore this exceptional investment opportunity!
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Total Bedrooms : 7
Total Baths: 7
Full Baths: 0
Half Baths: 0
Property Appliances: Dishwasher,Disposal,Refrigerator,Dryer,Washer
Wall/Window Unit(s)
Air Conditioning
Forced Air
Has Heating
Year Built: 1948
Building Area Total: 4,741
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1148
Lot Size Dimensions: 100x50
Lot Size Source: Assessor
Lot Size Square Feet: 5002
Original List Price: 2,890,000
Listing Contract Date: 2024-04-03
Listing Agreement: Seller Reserved
Parcel Number: 4281012015
Garage Description: On Street
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C14 - Santa Monica
Postal Code Plus 4: 6322
Directions: One block north of Wilshire.
Zoning: SMR2*
Source Property Type: Residential Income
Area: C14 - Santa Monica
Property Age: 76
Year Built Source: Appraiser
Total Square Feet Living: 4741
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1040 4th Street #112, Santa Monica, CA,90403 | $699,900 | 1 | -- | 1,043 | 30025 Sqft |
1128 15th Street #6, Santa Monica, CA,90403 | $1,675,000 | 2 | 2 | 1,669 | 7506 Sqft |
825 Ocean Avenue, Santa Monica, CA,90403 | $7,999,000 | 20 | 20 | 6,593 | 11257 Sqft |
825 Ocean Avenue, Santa Monica, CA,90403 | $7,999,000 | -- | -- | -- | 11257 Sqft |
135 Montana Avenue #1BD.., Santa Monica, CA,90403 | $5,800 | 1 | 1 | 670 | 14998 Sqft |
1019 6th Street, Santa Monica, CA,90403 | $4,450,000 | 13 | -- | 7,764 | 7496 Sqft |
101 California Avenue #.., Santa Monica, CA,90403 | $899,000 | 1 | 1 | 674 | 18751 Sqft |
930 15th Street #3, Santa Monica, CA,90403 | $3,535,000 | 3 | 3 | 2,781 | 7511 Sqft |
930 15th Street #2, Santa Monica, CA,90403 | $3,570,000 | 3 | 3 | 2,704 | 7511 Sqft |
519 California Avenue #.., Santa Monica, CA,90403 | $1,478,000 | 2 | 2 | 1,266 | 11228 Sqft |
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ByOwner last updated this listing 05/05/2024 @ 00:09
MLS: 24373103
LISTED BY: John Barrentine, Keller Williams Larchmont
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.