1111 California Av Santa Monica, CA 90403

$2,995,000
Santa Monica, CA   90403
0 Beds, 0.0 Baths, 0 sq ft, 4,996 sq ft lot, Built in 1962
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0 Beds,
0.0 Baths,
0 sq ft,
4,996 sq ft lot
Built in 1962

Description

MLS# 19449908

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.

Description

MLS# 19449908

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.

Area
AREA: C14 - Santa Monica
COUNTY: LA
Building Info
STORIES: 2
PARKING: Garage
LAUNDRY: See Remarks
Community
UNITS TOTAL: 5
STORIES TOTAL: 2
Land
ZONE: SMR2*
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