$ 2,395,000
-
$2,395,000
Price -
6
Bed -
4
Bath -
2,880
SqFt
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About the Listing SB1388120 - SBKIDATAK,SBKANANOR
Introducing a meticulously maintained investment opportunity in the heart of Santa Monica’s sought-after Ocean Park neighborhood. Walkable distance from the beach and two blocks from the peaceful greenery of Joslyn Park, this solid asset offers exceptional value with a current CAP rate of 2.85%. Current expenses include a property management fee, $6,000 per year, so if the Buyer elects to self-manage the property and thereby eliminates management expenses, the potential CAP rate could increase to 3.1%, with a potential market CAP rate of 4.5% with market rents. Residents enjoy quick access to many everyday conveniences along Lincoln Boulevard, including Gelson’s, Whole Foods Market, popular coffee shops, and a wide variety of restaurants, as well as the vibrant shops and dining of Abbot Kinney and Main Street. Santa Monica’s excellent Transit Score of 75 and Bike Score of 72 make every destination within easy reach.
Listing Highlights for 729 Cedar St
Status
Active
Days on Site
44
Property Type
Multi-Family
MLS ®
SB25201120
Year Built
1954
Total Square Footage
2,880
Lot/Acreage
0.14
County
Los Angeles
Area
C14 - Santa Monica
Interior Details
- Bedrooms: 6
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Central
- Fireplaces: Living Room
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 1 car
- Parking Spaces: 5
- Zoning: SMOP2*
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Garage - Single Door
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4287001013
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
729 Cedar St Santa Monica, CA 90405
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