CALL FOR OFFERS*DEADLINE 4/16 @2:00pm. Located among the "Rare Air" of Northwest Santa Monica, we are proud to present: 1111 California Ave, an incredible 5-unit investment opportunity! The property is comprised of two (2) spacious 2 bedroom, 2 bathroom units, and three (3) 1 bedroom, 1 bathroom units. The building also features a common laundry room, 4 single car garages, and 3 additional off-street parking spaces (7 parking in total). The best part; there is no soft-story seismic retrofit required for this property per Santa Monica City! A rare find for a savvy investor to add this low-maintenance investment to their real estate portfolio. The property will be delivered with 3 out of 5 units vacant for a perfect Owner/User opportunity to live in one of the units while allowing the tenants to help pay the mortgage! With a low GRM of 16.24 & strong starting cap of 4.11% and with some of the best public and private schools in all of Los Angeles County, this gem will not last long! Listed by Don Favia, Realty Investment Advisors, In.