Property listed by Lyon Stahl Investment Real Estate, Inc., Jake Glaser 310-425-9838
$2,000,000
PRICE REDUCED $500K, BRING ALL OFFERS.... 1246 Chelsea Ave is an ideal owner-user 4-plex opportunity located in prime Santa Monica. The charming property is comprised of a large 3-bed / 2-bath front house with a gated driveway with two-tandem parking spaces and private backyard, plus a triplex in the back… Read More offering additional rental income. The front house was fully renovated approximately 5 years ago, and includes stainless steel appliances, new kitchen countertops, updated marble & tile accents in the bathrooms, plus a large back deck. The triplex structure has (2) 1-bed / 1-bath units upstairs, plus (1) studio unit on the ground floor alongside three one-car garages. The studio unit is approximately 300 square feet and will be delivered VACANT at close of escrow. 1246 Chelsea Ave is a truly perfect house hacking opportunity for owner-users, but it also provides strong in-place income for potential investors with all of the tenants moving in within the past ~4.5 years. Located in a prime Santa Monica neighborhood North of Santa Monica Blvd, 1246 Chelsea is close by to St Johns Medical Center, Brentwood Country Club, Douglas Park, Trader Joe's, Whole Foods and plenty of public & private school options. Read Less
Listing Snapshot
Days Online
59
Last Updated
Property Type
Other
Beds
5
Square Ft.
2,566
Lot Size
0.12 Acres
Year Built
1926
MLS Number
25514049
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
Building
Built in 1926, Building area total: 2,566, Levels: Two, Living area: 2566, 2 stories, 2 buildings
Community
Gated
Cooling
CentralAir
Garage
3 spaces
Heating
Central, WallFurnace
Income
Gross income: $133,164, Net operating income: $97,166
Lot
0.1224 acres, 5,330 square feet, Size: 5,330
Parking
2 open parking spaces, 5 totals parking, ConvertedGarage, Driveway
Property
Zoning: SMR2*
Security Features
GatedCommunity
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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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