Prime Santa Monica location, North of Wilshire Blvd. 15 units which include 1 non-conforming 3 BR + 1.5 bath unit and a great unit mix of studios, 1 BR, 2 BR, & 3 BR units. Huge upside in the current rents. All the seismic retrofit for the parking structure has already been completed. Rare multifamily asset that is walking distance to all the shops and restaurants on Montana Avenue & 3rd Street Promenade.
- Price:
- $6,950,000
- Bedrooms:
- 17
- Square Footage:
- 12,718
- Acreage:
- 0.23
- Year Built:
- 1962
- Listing ID #:
- 21-708514
- Street Address:
- 1220 California Ave Unit 1
- City:
- Santa Monica
- State:
- California
- Postal Code:
- 90403
- County:
- Los Angeles
- Community:
- Santa Monica
- Listing Status:
- Active
- Listing Type:
- Residential Income
- Number Of Units:
- 14
- Stories:
- 2
- Total # Of Buildings:
- 1
- Total Building Square Footage:
- 12718
- Year Built:
- 1962
- Gross Income:
- 377916
- Net Operating Income:
- 216795.00
- Conforms To Zoning:
- Smr2*
- Lot Square Footage:
- 10005
- Days On Market:
- 29
- Street Type:
- Ave
- Price Per Square Foot:
- 546.47
- Parking Description:
- Covered Parking
- Parking Spaces:
- 16
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Errol Spiro of Miller & Desatnik Realty Co.
