1231 25 Th St Santa Monica, CA 90404

$4,300,000
Santa Monica, CA   90404
0 Beds, 0.0 Baths, 0 sq ft, 9,297 sq ft lot, Built in 1956
1231 25 Th St, Santa Monica, CA 90404 Photo 0
1231 25 Th St, Santa Monica, CA 90404 Photo 1
1231 25 Th St, Santa Monica, CA 90404 Photo 2
1231 25 Th St, Santa Monica, CA 90404 Photo 3
1231 25 Th St, Santa Monica, CA 90404 Photo 4
1231 25 Th St, Santa Monica, CA 90404 Photo 5
1231 25 Th St, Santa Monica, CA 90404 Photo 6
1231 25 Th St, Santa Monica, CA 90404 Photo 7
0 Beds,
0.0 Baths,
0 sq ft,
9,297 sq ft lot
Built in 1956

Description

MLS# 19476752

We are pleased to offer for sale a six-unit apartment community located at 1231 25th Street. The subject property is located just north of Santa Monica Blvd within the city of Santa Monica on a quiet desirable street.The property consists of four one-bedroom units, one two-bedroom unit, and one three-bedroom unit. There is a gorgeous communal courtyard on the lot that has been extremely well maintained offering tenants a picnic area and open space that is rarely found in Santa Monica. Moreover, the subject property is located on an over-sized 9,300 square foot parcel, while all neighboring parcels on the block average 5,300 square feet. Due to its 1956 construction, the property is subject to Santa Monica rent control statutes. The property is located in one of the most desirable and affluent submarkets in Los Angeles and represents an excellent buying opportunity for an investor to acquire a well-maintained asset with remaining upside potential in rental income. Listed by Sean Rosenzweig, Marcus & Millichap.

Description

MLS# 19476752

We are pleased to offer for sale a six-unit apartment community located at 1231 25th Street. The subject property is located just north of Santa Monica Blvd within the city of Santa Monica on a quiet desirable street.The property consists of four one-bedroom units, one two-bedroom unit, and one three-bedroom unit. There is a gorgeous communal courtyard on the lot that has been extremely well maintained offering tenants a picnic area and open space that is rarely found in Santa Monica. Moreover, the subject property is located on an over-sized 9,300 square foot parcel, while all neighboring parcels on the block average 5,300 square feet. Due to its 1956 construction, the property is subject to Santa Monica rent control statutes. The property is located in one of the most desirable and affluent submarkets in Los Angeles and represents an excellent buying opportunity for an investor to acquire a well-maintained asset with remaining upside potential in rental income. Listed by Sean Rosenzweig, Marcus & Millichap.

Area
AREA: C14 - Santa Monica
COUNTY: LA
Building Info
STORIES: 0
PARKING: Uncovered
COOLING: See Remarks
LAUNDRY: See Remarks
Community
UNITS TOTAL: 6
STORIES TOTAL: 0
Land
ZONE: SMR2*
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