2620 11 Th St Santa Monica, CA 90405

$5,700,000
Santa Monica, CA   90405
0 Beds, 0.0 Baths, 0 sq ft, 17,072 sq ft lot, Built in 1947
0 Beds,
0.0 Baths,
0 sq ft,
17,072 sq ft lot
Built in 1947

Description

MLS# 17261372

Charming Spanish Style Courtyard Building in PRIME OCEAN PARK. 2 Buildings with private patio areas tucked away behind tall hedges. First time on the market in 40 years. SELLERS WILL CONSIDER CARRYING 1ST TD AND NOTE WITH 50% DOWN, 5% INTEREST ONLY OR MORE PER MONTH FOR 8-10 YEARS. 16 (1+1) units, 11 garages, 5 parking spaces, and 5 storage lockers - all rented. (Rent for parking spaces and storage lockers could be higher because one locker and one parking space is currently being used by the owner and on-site manager. Only a few historically low rents. Tremendous potential for income growth! Buyer to cooperate with Sellers' 1031 tax deferred exchange. Unit Type: "Unit 4" actual and scheduled rental income of $450 / $550 includes 5 storage lockers and laundry room income. Listed by Gwen Tanguay, Redwood Realty.

Description

MLS# 17261372

Charming Spanish Style Courtyard Building in PRIME OCEAN PARK. 2 Buildings with private patio areas tucked away behind tall hedges. First time on the market in 40 years. SELLERS WILL CONSIDER CARRYING 1ST TD AND NOTE WITH 50% DOWN, 5% INTEREST ONLY OR MORE PER MONTH FOR 8-10 YEARS. 16 (1+1) units, 11 garages, 5 parking spaces, and 5 storage lockers - all rented. (Rent for parking spaces and storage lockers could be higher because one locker and one parking space is currently being used by the owner and on-site manager. Only a few historically low rents. Tremendous potential for income growth! Buyer to cooperate with Sellers' 1031 tax deferred exchange. Unit Type: "Unit 4" actual and scheduled rental income of $450 / $550 includes 5 storage lockers and laundry room income. Listed by Gwen Tanguay, Redwood Realty.

Area
AREA: C14 - Santa Monica
COUNTY: LA
Building Info
STORIES: 1
PARKING: Assigned, Garage - Single Door, Parking Space
COOLING: None
VIEW: None
POOL: None
LAUNDRY: Community, See Remarks
Interior Features
FLOOR: Vinyl, Wood
Exterior Features
SECURITY: Resident Manager
STYLE: TRD
CONSTRUCTION: Stucco
Community
UNITS TOTAL: 16
STORIES TOTAL: 1
Land
ZONE: SMR2*
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