Property listed by Lyon Stahl Investment Real Estate, Inc., David Messiah 310-425-9838
$1,395,000
**Great VALUE ADD Opportunity** 2626 26th Street is a 4-unit property located in Santa Monica's highly desirable Sunset Park neighborhood just a short walk to Clover Park, the shops and cafes along Ocean Park Blvd, and minutes from Main Street and Santa Monica Beach.Situated on a 7,713 sq. ft.… Read More corner lot, the property sits in a quiet residential pocket surrounded by pride-of-ownership buildings and consistent rental demand.The building consists of (4) 1-bedroom/1-bathroom units, each with a functional layout and classic mid-century charm. Two detached two-car garages in the rear provide ample parking and excellent potential for ADU conversion or additional income. Offered at $1,395,000, the property is priced at $566.15 per square foot and $348,750 per unit, with approximately 78% rental upside presenting investors with a rare value-add opportunity in one of Santa Monica's most stable and sought-after submarkets. Read Less
Listing Snapshot
Days Online
9
Last Updated
Beds
4
Square Ft.
2,464
Lot Size
0.18 Acres
Year Built
1947
MLS Number
25618231
Additional Details
Building
Built in 1947, Living area: 2464.0, 1 building, Levels: One
Cooling
None
Heating
WallFurnace
Income
Gross Income: $74,220, Net Operating Income: $43,552
Lot
0.1753 acres, Dimensions: 50x155
Parking
4 total parking spaces, DoorMulti, Garage
Taxes
Parcel Number: 4270011049, Zoning: SMR1*
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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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