914 7 Th St Santa Monica, CA 90403

$6,495,000
Santa Monica, CA   90403
0 Beds, 0.0 Baths, 0 sq ft, 7,518 sq ft lot, Built in 1959
914 7 Th St, Santa Monica, CA 90403 Photo 0
914 7 Th St, Santa Monica, CA 90403 Photo 1
914 7 Th St, Santa Monica, CA 90403 Photo 2
914 7 Th St, Santa Monica, CA 90403 Photo 3
914 7 Th St, Santa Monica, CA 90403 Photo 4
914 7 Th St, Santa Monica, CA 90403 Photo 5
0 Beds,
0.0 Baths,
0 sq ft,
7,518 sq ft lot
Built in 1959

Description

MLS# 18373624

Own a prime investment 5 minutes from the beach? Sounds too good to be true! We are excited to present 914 7th Street! A charming property with peak income potential! This 12 unit building rests in one of the most stunning areas of the Southern California Coastline & boasts some of the highest walk, bike, and transit scores in the city, along with major access points within walking distance, including the 3rd Street Promenade, Santa Monica Pier, and the stores of Wilshire Boulevard & Montana Ave. A prime investment opportunity, this building also has an incredibly attractive pro forma cap rate, showing major upside in rents and will be delivered with 8 units vacant & ready for renovation, allowing any prospective owner to capitalize massively on the rising rental market. Additionally, Owner/Users can fully renovate & live in their dream home in a highly desirable area, while their tenants help pay the mortgage! Listed by Benjamin J. Hsiang, Realty Investment Advisors, In.

Description

MLS# 18373624

Own a prime investment 5 minutes from the beach? Sounds too good to be true! We are excited to present 914 7th Street! A charming property with peak income potential! This 12 unit building rests in one of the most stunning areas of the Southern California Coastline & boasts some of the highest walk, bike, and transit scores in the city, along with major access points within walking distance, including the 3rd Street Promenade, Santa Monica Pier, and the stores of Wilshire Boulevard & Montana Ave. A prime investment opportunity, this building also has an incredibly attractive pro forma cap rate, showing major upside in rents and will be delivered with 8 units vacant & ready for renovation, allowing any prospective owner to capitalize massively on the rising rental market. Additionally, Owner/Users can fully renovate & live in their dream home in a highly desirable area, while their tenants help pay the mortgage! Listed by Benjamin J. Hsiang, Realty Investment Advisors, In.

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  • Headshot
    Mike Misquez, MBA

    NMLS# 1662824

    Direct: (909) 251-2560
    Email: mike@colonialres.com

Area
AREA: C14 - Santa Monica
COUNTY: LA
Building Info
STORIES: 2
PARKING: Uncovered, Covered Parking
COOLING: See Remarks
LAUNDRY: None
Interior Features
APPLIANCES: None
Community
AMENITIES: Other
UNITS TOTAL: 12
STORIES TOTAL: 2
Land
ZONE: SMR2*
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