CALL FOR OFFERS*DEADLINE 4/16 @2:00pm. Located among the "Rare Air" of Northwest Santa Monica, we are proud to present: 1111 California Ave, an incredible 5-unit investment opportunity! The property is comprised of two (2) spacious 2 bedroom, 2 bathroom units, and three (3) 1 bedroom, 1 bathroom units. The building also features a common laundry room, 4 single car garages, and 3 additional off-street parking spaces (7 parking in total). The best part; there is no soft-story seismic retrofit required for this property per Santa Monica City! A rare find for a savvy investor to add this low-maintenance investment to their real estate portfolio. The property will be delivered with 3 out of 5 units vacant for a perfect Owner/User opportunity to live in one of the units while allowing the tenants to help pay the mortgage! With a low GRM of 16.24 & strong starting cap of 4.11% and with some of the best public and private schools in all of Los Angeles County, this gem will not last long!
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.
