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    1824 Michigan Avenue

    Santa Monica, CA 90404
    • $2,905,000
    • STATUS: Active
    • ON SITE: 112 days
    • ID#: 20573026
    UPDATED: 79 min ago
    $2,905,000
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    Attention Owner/Occupied Buyers - We can now deliver this Property with the stand-alone HOME Vacant at Close of Escrow! Prime corner, street-to-alley 16,000+ sq ft lot amazing asset in the City of Santa Monica. Steps to Metro Expo Line. Identified as being in The Michigan Avenue Neighborhood Greenway. Actual income stream for Investor or Owner/Occupied purchaser. Improved with 6-unit, garden style apartment building plus a stand-alone 3 bedroom, 2.5 bathroom single family home with detached Home Office/Studio & Garage. Rare opportunity to acquire this huge, corner 16,000+ sq ft lot. UNIT MIX: 1 Studio. 1 One Bedroom + 1 Bath, 4 Two Bedroom + 1 Bath and 1 Single Family Three Bedroom + Two and a Half Bath Home with Detached Home Office/Studio & Garage. This complex is 100% Leased. Rent Roll is as of 06/04/2020 and All Tenants paid June 2020 Rent. Do not walk on Property. Do not disturb tenants. Drive by only. Inside with Accepted Offer only.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-14T09:28:47.65. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

    www.sellinglasouthbay.com/homes/105275101
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    1824 Michigan Avenue Santa Monica, CA 90404

    • Price: $2,905,000
    • Status: Active
    • Updated: 79 min ago
    • ID#: 20573026
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    1922
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Attention Owner/Occupied Buyers - We can now deliver this Property with the stand-alone HOME Vacant at Close of Escrow! Prime corner, street-to-alley 16,000+ sq ft lot amazing asset in the City of Santa Monica. Steps to Metro Expo Line. Identified as being in The Michigan Avenue Neighborhood Greenway. Actual income stream for Investor or Owner/Occupied purchaser. Improved with 6-unit, garden style apartment building plus a stand-alone 3 bedroom, 2.5 bathroom single family home with detached Home Office/Studio & Garage. Rare opportunity to acquire this huge, corner 16,000+ sq ft lot. UNIT MIX: 1 Studio. 1 One Bedroom + 1 Bath, 4 Two Bedroom + 1 Bath and 1 Single Family Three Bedroom + Two and a Half Bath Home with Detached Home Office/Studio & Garage. This complex is 100% Leased. Rent Roll is as of 06/04/2020 and All Tenants paid June 2020 Rent. Do not walk on Property. Do not disturb tenants. Drive by only. Inside with Accepted Offer only.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Cooling None Cooling YN No

    Property Features

    Additional Parcels YN No Financial Info As Of 2020-06-05 00:00:00 Gross Income 168480.00 Gross Multiplier 17.24 Gross Operating Income 168480.00 Net Operating Income 134771.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 32025.00 Zoning Smr2*

    Listing provided courtesy of Steven Foonberg of Westside Realty Group - Beverly Glen Rea


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-14T09:28:47.65. 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 Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.

     
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    Wendy Rich-Soto and Associates | Keller Williams Realty, LA Harbor
    28901 S. Western Avenue #139
    Rancho Palos Verdes CA, 90731