$ 2,650,000
-
$2,650,000
Price -
11
Bed -
11
Bath -
6,882
SqFt
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About the Listing CLW-S04161 - CLW-X66442
$325,000 Price Reduction!!! The property is fully occupied and currently offered at a 11.58 GRM and 5.87 CAP rate, at CURRENT RENTS! Roque & Mark Co. is pleased to represent this well maintained 6-unit apartment building in the Ocean Park neighborhood of Santa Monica. This property is only 6 blocks to Main St. and 8 blocks to the beach. The front unit is a huge 3 bedroom + 3 baths "Owner's Unit" that is approx. 2,000 sf. It has a private, 4 car oversized attached garage with additional driveway parking. Excellent unit mix consisting of (1) 3 beds + 3 baths, (3) 2 beds + 2 baths, and (2) 1 bed + 1 bath + bonus room. The bonus rooms function like a bedroom, just without a closet. The entire building has upgraded dual paned windows. 5 additional parking spaces located off the alley. Every unit has a reserved parking space. All soft-story retrofitting and balcony inspections have been completed. Several units have been luxuriously upgraded. For investors, this is an opportunity to acquire a solid, well-located coastal multifamily asset with lasting appeal and upside potential in an area known for high barriers to entry and enduring desirability. This is a quiet street despite its close proximity to shops, cafes, and restaurants. Subject to City of Santa Monica rent control.
Listing Highlights
Status
Active With Contingency
Days on Site
51
Property Type
Multi-Family
MLS ®
26650045
Year Built
1973
Total Square Footage
6,882
Lot/Acreage
0.15
County
Los Angeles
Area
C14 - Santa Monica
Interior Details
- Bedrooms: 11
- Bathrooms: 11 Full
- Appliances: Dishwasher, Disposal
- Air Cond:
- Heating: Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 11
- Zoning: SMR2*
- Roof:
- Others: 2+ Total Units
- Sewer: Other
- Parking Features: Carport
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4284008011
- Tax Year: N/A
Payment Calculator
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Questions About..
824 Maple St Santa Monica, CA 90405
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