Sold on Sep 11, 2018
Extremely desirable fourplex on a quiet street, ten blocks from Santa Monica beach. Three of the units have tranquil private yards. All units have a laundry inside. Front unit is a charming 2 bedroom, 1 bath house with hardwood floors that is currently vacant with a projected of $4500 per month. There are two one-bedroom units opening to fenced yard with fruit trees. One large three bedroom, two bath upper unit above garages. There are eight assigned parking spaces. Property is under Santa Monica Rent Control. Ideal owner-user property or great investment opportunity with substantial rent increase potential. Two large duplexes on a large lot. CAP rate, GRM and NOI are projected, not actual.