Listing Agent: Cameron Samimi Broker/Office: Lyon Stahl Investment Real Estate, Inc.
Unit 1 2404 Ocean Park blvd Santa Monica CA 90405
Listing ID
#SB25219948
Status
Active
Property Type
Single Family Residence
County
Los Angeles
Year Built
1948
Days on website
2
**Seller is offering a rate buy down on this INCOME PRODUCING TRIPLEX to 5.625% for qualified buyers, lowering the monthly mortgage payments by nearly $1,000! This property and rate will not last! After net expenses, a buyer could expect to pay approximately $1,993 per month which is less than the average rent in Santa Monica!** This turnkey Mid-Century style triplex is located in the heart of Santa Monica's Sunset Park, just steps from everything Ocean Park Blvd has to offer. It's perfect for someone looking to live in one unit and rent out the others.The property includes two fully remodeled vacant 1-bedroom units and a studio unit, allowing a buyer the opportunity to move in immediately at the close of escrow. Each unit features hardwood floors, vaulted ceilings, recessed lighting, AC, and stylish finishes like backsplash tile and stainless steel appliances in the kitchen. The one-bedroom units each enjoy a huge private fenced patio which will extend your living and entertaining space, especially for those beautiful Santa Monica summer days. As a bonus, this gives a big boast to your potential rental income. Major system upgrades include copper plumbing, updated drain lines, updated electrical, and new water heaters, giving peace of mind to any buyer. Additionally, on-site storage containers offer extra utility and can generate additional income. A buyer can also build 3 additional units and generate up to a 8.37% cap rate! With an unbeatable walk score, this property is located near Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and a variety of local cafes and restaurants. A perfect fit for a young professional, couple, or small family, this duplex offers the ideal combination of lifestyle, location, and long-term upside in a highly sought-after Santa Monica neighborhood.
Community Features:
Suburban
High School District:
Santa Monica-Malibu Unified
Levels:
One
Senior Community YN:
false
Structure Type:
House
Water Source:
Public
High School District:
Santa Monica-Malibu Unified
Senior Community YN:
false
MLS Area Major:
C14 - Santa Monica
City:
Santa Monica
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Direct link:
http://www.searchproperties.sdvalues.com/listings/direct/36bc089939b18d2da9ccac19c9a9bc20
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Listed By:
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Co-listed by
David Messiah
CA Lic#
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