1437 Harvard St Santa Monica, CA 90404

$3,000,000
Santa Monica, CA   90404
0 Beds, 0.0 Baths, 0 sq ft, 9,021 sq ft lot, Built in 1956
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0 Beds,
0.0 Baths,
0 sq ft,
9,021 sq ft lot
Built in 1956

Description

MLS# 19456682

Built in 1956, this 7-unit property is located on 9,021 SF lot in the Mid-City Santa Monica neighborhood. The two-story building features one-bedroom and two-bedroom units.This offering presents an investor the opportunity to capture over 17% rental upside through renovations. Two of the one-bedroom units shall be delivered vacant at the close of escrow. The subject property has nine total parking spaces with no soft-story work required.Santa Monica remains one of the most desirable addresses for both living and working. With a median household income of over $100,000 and average home value of $1.1 million, the demand for apartment units increases year-over-year.The Mid-City Santa Monica neighborhood continues to grow at a rapid pace and attracts high-end residents with the unparalleled access to employment opportunities and entertainment amenities. The subject property has a walk score of 88 and the location allows for a quick commute to Downtown Santa Monica and Los Angel Listed by Neema Ahadian, Marcus & Millichap.

Description

MLS# 19456682

Built in 1956, this 7-unit property is located on 9,021 SF lot in the Mid-City Santa Monica neighborhood. The two-story building features one-bedroom and two-bedroom units.This offering presents an investor the opportunity to capture over 17% rental upside through renovations. Two of the one-bedroom units shall be delivered vacant at the close of escrow. The subject property has nine total parking spaces with no soft-story work required.Santa Monica remains one of the most desirable addresses for both living and working. With a median household income of over $100,000 and average home value of $1.1 million, the demand for apartment units increases year-over-year.The Mid-City Santa Monica neighborhood continues to grow at a rapid pace and attracts high-end residents with the unparalleled access to employment opportunities and entertainment amenities. The subject property has a walk score of 88 and the location allows for a quick commute to Downtown Santa Monica and Los Angel Listed by Neema Ahadian, Marcus & Millichap.

Area
AREA: C14 - Santa Monica
COUNTY: LA
Building Info
STORIES: 2
PARKING: Carport
COOLING: None
Interior Features
APPLIANCES: Refrigerator
Garage & Parking
PARKING SPACES: 8.00
CARPORT SPACES: 8.00
Community
UNITS TOTAL: 7
STORIES TOTAL: 2
Land
ZONE: SMR2*
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