Property listed by Marcus & Millichap, Jonathan Weir 424-405-3900
$2,995,000
MASSIVE $285,000 PRICE REDUCTION! 6.52% CAP RATE. This 5 unit property is EXTENSIVELY renovated both on the interiors and exterior. The three charming units in the front have been extensively renovated with new quartz and custom tile kitchens, stainless steel appliances, tiled bathrooms, and new flooring throughout. The back… Read More two XXL Townhomes are brand new construction boasting large three bedroom floorplans and are currently VACANT with plans to lease out unless a buyer prefers them vacant. The building is solar powered, includes private patios and private balconies with mountain views, and has washer and dryer hookups. Additionally there are a total 11 parking spots which consist of 4 garage spots, 4 partially covered parking spots, and 3 spots in front of the garages. Tenants in the front three units have access to their own private fenced backyards. The property is located on a quite cul de sac boasting an 88 WalkScore and is minutes from Santa Monica Pier and all that the vibrant city has to offer. The property is located just north of Lincoln Blvd and the 10 Freeway giving tenants easy access for commutes and maneuvering around the city. For an investor looking to clip coupons and enjoy a cash flowing asset in a growing area, look no further. For more information, please reach out to the listing agent. Read Less
Listing Snapshot
Days Online
188
Last Updated
Property Type
Other
Beds
9
Square Ft.
4,516
Lot Size
0.19 Acres
Year Built
2024
MLS Number
24463349
30 Days Snapshot Of 90404
$1.29M
-8%
(avg) sold price
8
+100%
homes sold
70
-21%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Microwave, Refrigerator
Building
Built in 2024, Building area total: 4,516, Levels: Two, Living area: 4516, 2 stories, 2 buildings
Garage
4 spaces
Heating
Central
Income
Gross income: $271,080, Net operating income: $195,399
Laundry
Stacked
Lot
0.1878 acres, 8,179 square feet, Size: 8,179
Parking
3 carport spaces, 11 totals parking, Covered
Property
Zoning: SMR2*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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