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Anthony Napoli

realestate@anthonynapoli.com +1(619) 750-3558

$2,980,000

Est. payment - /mo

10 Beds

8 Baths

7,485 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26033449

Bedrooms 10

Lot Size 7,485 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

We are proud to present a rare opportunity to acquire a well-located, 6 unit multifamily asset in the heart of Santa Monica, just a few blocks away from the beach. Built in 1963, the property spans approximately 7,763 square feet on a 7,485 square feet lot and boasts an exceptional unit mix of two 2-bedroom / 1.5-bath townhouse style units, three 3-bedroom / 2-bath units, and one 3-bedroom/1.5-baths townhouse -style unit. The units feature spacious floor plans and ample closet space. The well-maintained property is separately metered for gas & electric, serviced by a central water heater, and offers an on-site laundry facility, one 2-car garage with storage rooms, and five carport parking spaces with storage bins. In recent years, the property has had significant capital improvements including a newer roof, copper plumbing in most units, multiple updated electrical sub-panels, replacement of a complete full main sewer line, and a new water heater in the laundry room. Two units have been extensively upgraded to include individual tankless water heaters & in-unit laundry, upgraded flooring, new kitchens with new shaker cabinetry, quartz countertops, stainless-steel appliances including gas stove, refrigerator, microwave & dishwasher, new bathrooms, dual pane windows, and new lighting. These upgrades address deferral maintenance, improve building functions, enhance tenant experience, and will meaningfully increase the long-term value & performance of the property. The current rent is still below the market, a new owner is presented with the opportunity to increase rent to mark

Location

State CA

County Los Angeles

Zoning Assessor

Direction 9th Street

Interior

Heating Forced Air Unit

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 4283021004

Acceptable Financing Cash

Listing Terms Cash

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Listed by Gary Lee, DRE#01182914 High Ten Partners, Inc.

Nearby School & Business

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Anthony Napoli

+1(619) 750-3558

Agent License ID: 01311452

1813 9th Street Santa Monica, CA 90404

Anthony Napoli

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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