Motivated Seller just reduced from $2,350,000 to $2,175,000 CAP RATE NOW is 5% Prime Santa Monica blocks from the beach…Charming Immaculate Pride of ownership 4 plex first time on market in 23 years. 2 / 2 Bed 1 bath & 2 / 1bed 1 bath. Buildings have been maintained with consistant attention to detail throughout the years…Including recent termite tenting 1/2023, sewer mainline connection, Copper re-pipe & Gas repipe. Includes a laundry room with seller owned new coin machines with annual income of approx. $2400. Great tenants…5 garages with one vacant/owner…potential to add second garage to make ADU..very easy management. Bread & Butter building with very low maintenance. 5 garages….1 garage come vacant w/estimated income of $400 which would change CAP RATE to 5.22
Property Details
Price:
$2,175,000
MLS #:
24405217
Status:
Active
Baths:
0
Address:
839 Grant Street
Type:
Residential Income
Neighborhood:
c14santamonica
City:
Santa Monica
Listed Date:
Jun 18, 2024
State:
CA
ZIP:
90405
Lot Size:
6,492 sqft / 0.15 acres (approx)
Year Built:
1939
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Schools
Interior
Appliances
Dishwasher
Cooling
None
Heating
Wall Furnace
Exterior
Parking Spots
5.00
Stories Total
2
View
Courtyard
Financial
Map
Community
- Address839 Grant Street Santa Monica CA
- AreaC14 – Santa Monica
- CitySanta Monica
- CountyLos Angeles
- Zip Code90405
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839 Grant Street
Santa Monica, CA
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