1448 12 Th St Santa Monica, CA 90401

$2,250,000
Santa Monica, CA   90401
0 Beds, 0.0 Baths, 0 sq ft, 7,492 sq ft lot, Built in 1922
0 Beds,
0.0 Baths,
0 sq ft,
7,492 sq ft lot
Built in 1922

Description

MLS# 17258828

Rare opportunity to acquire (2) two side by side properties spanning just under 15,000 square feet of land consisting of an (8) unit Apartment Complex and a (2) unit Duplex in beautiful Santa Monica, California. This rare assemblage offers new ownership the option to have a cash-flowing asset while entitling a new construction apartment/condo project or an opportunity for an investor to capture the significant upside in rents with the existing 10 units. Generational asset with endless opportunity. Ideal developer or investor 1031 Exchange. Trust Sale / Court Confirmation Required. Must be sold together with 1454 12th Street (Listed at $2.5M).Subject properties are centered in a prime Santa Monica location. In close proximity (less than one mile) to Santa Monica Beach, the pier, Third Street Promenade, Santa Monica Place and the new Expo Light Rail Metro line. Listed by Christopher Huddleston, The Sher Group.

Description

MLS# 17258828

Rare opportunity to acquire (2) two side by side properties spanning just under 15,000 square feet of land consisting of an (8) unit Apartment Complex and a (2) unit Duplex in beautiful Santa Monica, California. This rare assemblage offers new ownership the option to have a cash-flowing asset while entitling a new construction apartment/condo project or an opportunity for an investor to capture the significant upside in rents with the existing 10 units. Generational asset with endless opportunity. Ideal developer or investor 1031 Exchange. Trust Sale / Court Confirmation Required. Must be sold together with 1454 12th Street (Listed at $2.5M).Subject properties are centered in a prime Santa Monica location. In close proximity (less than one mile) to Santa Monica Beach, the pier, Third Street Promenade, Santa Monica Place and the new Expo Light Rail Metro line. Listed by Christopher Huddleston, The Sher Group.

Area
AREA: C14 - Santa Monica
COUNTY: LA
Building Info
STORIES: 1
PARKING: Driveway - Gravel
LAUNDRY: None
Interior Features
APPLIANCES: None
Community
UNITS TOTAL: 2
STORIES TOTAL: 1
Land
ZONE: SMBCD*
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