10UNIT TOWNHOUSE COMPLEX FOR SALE-SANTA MONICA

10UNIT TOWNHOUSE COMPLEX FOR SALE-SANTA MONICA

2 1.5
CA

Santa Monica Gated Complex, Pride of Ownership, Family Owned,Walking Distance to Expo Train, First time on Market in 50 years.  Price $ 2,995,000.  

ALL TOWNHOUSES- FRONT UNIT VACANT!

  •  10 units – 2Bedrooms/1.5Bath, Large Townhouses
  • Front (prime owner user) unit VACANT!
  • Built 1965 ; Large Lot- 14,834 sq. Ft.-per assessor.
  • Upside Potential
  • $165,000 Schedule Gross Income (projected with one unit vacant)
  • GRM  18.05 /  Cap Rate 3.34%
  • Walking Distance to new EXPO Train line.
  • Laundry on site.
  • Carport behind property.  No alley.  Private.
  • Seller built property and has operated for 50 years.
  • Updated copper plumbing.
  • Newer roof with permit.
  • DoorKing Intercom System
$2,995,000

Welcome to my Real Estate Service

Real Estate professionals serving Santa Monica and the Westside since 1962. Family operated real estate business in Santa Monica specializing in residential, commercial, residential income property sales and property management. Santa Monica apartment sales, rentals management are our areas of expertise. The seaside community of Santa Monica, West Los Angeles, Beverly Hills, Culver City and the Pacific Palisades are the location we focus our business. Santa Monica’s golden beaches are Pacific Ocean coastline, urban walkways and sandy terrain, gourmet cuisine and world-class dining and upscale boutiques make Santa Monica and the Westside the place to visit, live and work. Santa Monica and the Westside is a hub of the music, television, movie and internet industries. Yahoo, Google, Universal Music, MTV, Sony Music to name a few call Santa Monica home. It’s a great place to live, work and own property. With over forty-five years of real estate experience, we look forward to helping you with your real estate needs in SantaMonica and on the Westside.