Property listed by Lyon Stahl Investment Real Estate, Inc., Jake Glaser 310-425-9838
$1,920,000
Charming and well-located 4-unit bungalow property situated on a gated, secure corner lot at Arizona Avenue and Chelsea Avenue in the heart of Santa Monica. This attractive asset offers a rare opportunity to acquire stabilized income in a prime location & high-demand rental market. It is also a perfect for… Read More an owner-user property, with one of the units to be delivered VACANT as of July 1st. The property consists of two separate duplex structures, each containing two 1-bedroom units, with a shared central patio between the buildings offering a welcoming communal space. Each unit features both front and rear entry access and are light & bright with plenty of sunshine. Three of the four units have been thoughtfully upgraded with new laminate flooring, upgraded bathroom tile, modern light fixtures, new blinds, and upgraded appliances. All units are equipped with gas wall heaters, and water heaters that have been replaced within the past seven years. Unit 2415, located closest to the alley, also enjoys a spacious private patio, perfect for outdoor living and added privacy. The property includes four private garages accessed from the alley, one of which will be available for the upcoming vacancy. Two of the garages are currently rented separately, generating an additional $400 per month in rental income. The garages also provide the perfect opportunity to convert to ADUs (Buyer to verify). Situated on a 5,293 SF R2-zoned lot, 2415 Arizona Avenue is ideally located just minutes from some of Santa Monica's most desirable amenities, including Whole Foods, Trader Joe's, Reed Park, Virginia Avenue Park, and Santa Monica College. Read Less
Listing Snapshot
Days Online
2
Last Updated
Property Type
Other
Beds
4
Square Ft.
1,924
Lot Size
0.12 Acres
Year Built
1938
MLS Number
25547035
30 Days Snapshot Of 90404
$1.05M
-21%
(avg) sold price
9
+50%
homes sold
81
+42%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1938, Building area total: 1,924, Levels: One, Living area: 1924, 1 story, 2 buildings
Cooling
None
Garage
4 spaces
Heating
WallFurnace
Income
Gross income: $115,236, Net operating income: $83,251
Lot
0.1215 acres, 5,293 square feet, Size: 5,293
Parking
4 totals parking
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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