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Listing Details

Status
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MLS #
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Neighborhood
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Built
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School Ratings & Info

Description

Amazing location and great investment opportunity! This 6-unit multifamily property is conveniently located near Santa Monica's coastal community, Santa Monica College, and close to the Metro Expo Line and Third Street Promenade! Brand new outside paint! Perfectly centered to accommodate the long-term demand for housing the well educated, and well-paid workforce in the tech economy as well as the returning students to the renowned Santa Monica College. Units have been upgraded and well maintained throughout the years. These units are much bigger than the typical SM apartments. 5 garage spaces in back for 5 of the units as well as a 2 car garage and driveway for the HUGE 3 bedroom, 3 bathroom front unit! Front house/unit also has an extra living space right off of the garage which includes an additional bathroom and kitchen! Front house also gets beautiful views from their private sun deck. So many perks to this fantastic opportunity. Call me today to schedule as a showing....

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T00:27:35.857. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
www.findorangecountyhomelistings.com/homes/118443763
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947 20th Street Santa Monica, CA 90403

  • Price: $5,450,000
  • Status: Active
  • Updated: 205 min ago
  • ID#: DW21131995
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1971
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
Amazing location and great investment opportunity! This 6-unit multifamily property is conveniently located near Santa Monica's coastal community, Santa Monica College, and close to the Metro Expo Line and Third Street Promenade! Brand new outside paint! Perfectly centered to accommodate the long-term demand for housing the well educated, and well-paid workforce in the tech economy as well as the returning students to the renowned Santa Monica College. Units have been upgraded and well maintained throughout the years. These units are much bigger than the typical SM apartments. 5 garage spaces in back for 5 of the units as well as a 2 car garage and driveway for the HUGE 3 bedroom, 3 bathroom front unit! Front house/unit also has an extra living space right off of the garage which includes an additional bathroom and kitchen! Front house also gets beautiful views from their private sun deck. So many perks to this fantastic opportunity. Call me today to schedule as a showing....
Exterior Features

Lot Features Lawn Number Of Separate Electric Meters 1 Open Parking Spaces 2 Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Fireplace Features Family RoomSee Remarks Fireplace YN Yes Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features CurbsStreet LightsSidewalks Contingency None Electric Expense 1101 Exclusions Tenants Possesions Fuel Expense 1434 Garage YN Yes Gross Income 255624 Gross Scheduled Income 255624 Insurance Expense 3044 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalSubmit Maintenance Expense 1500 Net Operating Income 218098 New Construction YN No New Taxes Expense 11762 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 37526 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 15281 Trash Expense 675 Water Sewer Expense 675 Water Source Public Zoning Smr2*

Listing provided courtesy of Amanda Rodriguez of Berkshire Hathaway H.S.C.P.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T00:27:35.857. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
 
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Latrice Deluna Homes | The Orion Group
4533 MacArthur Blvd Ste 5074
Newport Beach CA, 92660