A+ Santa Monica Location - North of Wilshire Boulevard -Approximately 1 Mile from Santa Monica Beach -Tremendous Value-Add Component - Over 86% in Rental Upside -7.37% Pro-Forma Cap Rate & 10.66 Pro-Forma GRM -Some of the Units Have Been Extensively Remodeled with New Quartz Countertops, Vinyl Plank Flooring, Stainless Steel Appliances, Recess Lighting, & Vanities & Tubs in Bathrooms -New Copper Plumbing, Drain Lines, & Double Pane Windows -Some Units with Elevated Dining Terrace/Office -Buyer to Assume Loan of $1,615,000 Fixed at 4.28% Interest Only (Until May 2023) -On-Site Laundry Facility & Covered Parking with Storage -Two Blocks from the Trendy Restaurants & Boutique Shops of Montana Avenue -Located in the Heart of Santa Monica within 2 Miles of 3rd Street Promenade & Santa Monica Pier -Santa Monica Employment Hub - Home to Prominent Entertainment & Technology Companies
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
