We are proud to present this rare 7-unit apartment building located in the heart of Santa Monica. 1537 Centinela Avenue is a multi-family property constructed of wood framed stucco in 1969. The Property consists of a superior mix of One 1 bedroom / 1 bathroom and Six 2 bedroom / 2 bathroom units, with one 2 bedroom / 2 bathroom unit being delivered vacant. An onsite laundry room adds further income and creates a level of convenience for the residents. With significant upside in rents and future potential income from renting out the garages, a savvy investor will be able to increase the cash flow of the property up to 80%. The Property is located in the high-demand rental market of Santa Monica, walking distance to all major shopping and dining. Santa Monica has one of the highest rents in all of Los Angeles County.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
