A+ Santa Monica Location - North of Wilshire Boulevard -Approximately 1 Mile from Santa Monica Beach -Tremendous Value-Add Component - Over 86% in Rental Upside -7.37% Pro-Forma Cap Rate & 10.66 Pro-Forma GRM -Some of the Units Have Been Extensively Remodeled with New Quartz Countertops, Vinyl Plank Flooring, Stainless Steel Appliances, Recess Lighting, & Vanities & Tubs in Bathrooms -New Copper Plumbing, Drain Lines, & Double Pane Windows -Some Units with Elevated Dining Terrace/Office -Buyer to Assume Loan of $1,615,000 Fixed at 4.28% Interest Only (Until May 2023) -On-Site Laundry Facility & Covered Parking with Storage -Two Blocks from the Trendy Restaurants & Boutique Shops of Montana Avenue -Located in the Heart of Santa Monica within 2 Miles of 3rd Street Promenade & Santa Monica Pier -Santa Monica Employment Hub - Home to Prominent Entertainment & Technology Companies
Listing courtesy of Jonathan Nikfarjam from Shield CRE, Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.