Description
ONLY 10 BLOCKS FROM THE BEACH!!, SOUTH OF MICHIGAN ST , WEST OF 11 TH ST , EAST OF LINCOLN BLVD, Remarks : ONE FRONT UNIT 3+2 + YARD POSSIBLY DELIVERED VACANT AT COE. LARGE, spacious units in a two story building. Hard to find, 6 well maintained units with tremendous cash flow . ONLY 10 blocks from Santa Monica Beach& Pier, 3rd St promenade and Maine (MAIN) street restaurants & shops. The property consists of 2 ( 3bed+2 bath) units and 4 ( 2BED +1BATH ) units. 4 units have stackable washer & dryer inside PLUS A/C- wall units. The building features a community laundry room for tenant's convenience ( see additional income in attached docs) . 9 parking spaces ( 4 tandem spaces + 1 space , including 5 carports spaces). Property is fully occupied, with stable tenants paying on time. Inside entry with an accepted offer, DO NOT DISTURB TENANTS. One unit with well below market rent provides tremendous opportunity for major future rent and gross income increase . Rent roll and estimated financial sheet is in attached MLS documents. All this and there's Space in the rear of the property for Potential ADU build out to increase the property value and cash flow even more !!
Property Details
Features
Appliances
Ceiling Fans, Dishwasher, Dryer, Refrigerator, Washer & Dryer.
Interior features
Ceiling Fans.
Parking
Assigned, Carport.
Additional Resources
Homes for Sale | Rodeo Realty
This listing on LuxuryRealEstate.com
Based on information from the Association of REALTORS®/Multiple Listing as of [8/21/23]. All data, including all measurements
and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.