11 bedroom house for sale
$4,995,000 - Santa Monica CA 90405Advertisement
Overview
Huge 650k Price Reduction and Now 100% Occupied! 12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and 12.6 GRM from day 1! Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on the proforma. Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs. These units have been completely renovated with permits (100% occupied) and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. Notably, there are preliminary plans for 2 additional detached ADUs over the open parking lot in the back that offer exceptional future upside potential. The property is located in the heart of Santa Monica just minutes away from the Beach and within close proximity to Santa Monica Business Park as well as hip neighborhood attractions, restaurants, bars, and shops such as Layla Bagels, Local Kitchen and Wine Bar, Estate Coffee, and many more popping up all around the area.Santa Monica CA 90405
11 bedroom house for sale
- Beds: 11
- Baths: 12
- Price: $4,995,000
- Reference No.: 73690072
- Area: 5,948 sqft
House Santa Monica
This House for sale is located at Santa Monica CA 90405. The home has 11 Bedroom and 12 Bathrooms. This 11 bedroom House in Santa Monica CA is for sale for $4,995,000 .
Disclaimer
2024-07-06, Viewed 1 times.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-07-06, Viewed 1 times.
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