Six unit investment opportunity in Santa Monica featuring upside, low price per foot, large units, parking and location. The Asset is generating $132K in gross income with potential income of $278K. Most units have fire places, porch/balcony, dining areas and room for in-unit washer dyers, ready for an opportunistic investor to implement and a luxury remodel and value add investment strategy. The location attracts ideal tenants seeking close proximity to tech companies, boutique & luxury shopping, world class beaches, award winning restaurants and walkable, healthy, fun, lifestyle that demands premium rents. The building is under Santa Monica rent control. Each unit offers spacious, efficient and bright floor plans including two, townhome units.
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.
