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$5,595,000
Est. payment /mo
5,268 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,268 sqft
Price per Sqft $1,062
MLS Listing ID CL26666473
HOA Y/N No
Year Built 1927
Lot Size 7,499 Sqft
Acres 0.1722
Property Sub-Type Other
Property Description
Occupy one of the stunning three-bedroom townhome-style units and enjoy the best of Santa Monica living while your property generates income alongside you. Thoughtfully designed with modern finishes, spacious layouts, and private outdoor areas, these homes offer comfort and style just moments from Montana Avenue's premier dining, cafes, and retail including local favorites like Bread Head, Lalaland Kind Cafe, Whole Foods, and Williams Sonoma. Beyond the lifestyle appeal, the property offers an assumable 3.5% loan that provides rare access to below-market financing, significantly enhancing cash flow and overall returns from day one. The total six remodeled units are well-positioned for strong tenant demand, supported by desirable amenities such as private patios in select units, ample parking, storage, bike storage, shared laundry, and tankless water heaters. Additional upside exists with the potential to add one to two units, unlocking up to $100,000 in projected annual income creating a unique opportunity that combines immediate livability with long-term financial growth. Drive-by only. Interior access provided with accepted offer. Please do not disturb tenants.
Location
State CA
County Los Angeles
Zoning SMR2*
Interior
Heating Other
Cooling Central Air
Flooring Tile, Wood
Fireplace No
Appliance Dryer
Laundry Common Area, Dryer, Laundry Room, Washer, Other
Exterior
View Y/N false
View None
Building
Water Other
New Construction No
Others
Tax ID 4281002021
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Listed by Donald Heller • Christie's International Real Estate SoCal
NEARBY SCHOOL & BUSINESS
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122