Built in 1956, this 7-unit property is located on 9,021 SF lot in the Mid-City Santa Monica neighborhood. The two-story building features one-bedroom and two-bedroom units.This offering presents an investor the opportunity to capture over 17% rental upside through renovations. Two of the one-bedroom units shall be delivered vacant at the close of escrow. The subject property has nine total parking spaces with no soft-story work required.Santa Monica remains one of the most desirable addresses for both living and working. With a median household income of over $100,000 and average home value of $1.1 million, the demand for apartment units increases year-over-year.The Mid-City Santa Monica neighborhood continues to grow at a rapid pace and attracts high-end residents with the unparalleled access to employment opportunities and entertainment amenities. The subject property has a walk score of 88 and the location allows for a quick commute to Downtown Santa Monica and Los Angel
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.
