834 4TH Street Santa Monica, CA 90403
A ++ Location! Very Rare Investment Opportunity. Only changed ownership once in about past 30 + Years. Almost a 3% CAP, less than $550 per sq ft and about $561,000 cost per unit. About 30% to 40% upside in rents, 5 units will be delivered vacant at Close of Escrow. Some of the features include Swimming Pool, Gym, Elevator, On Site Laundry, Copper plumbing, Tenant Storage Spaces, Controlled Access Entry, Subterranean Parking. Please see Docs section for Offering Memorandum. Also, please see listing on MLS at 16100 Sunset Blvd., Pacific Palisades, CA. Non Rent Control, 20 units built in 1995. $15.2 million., 1 North of Wislhire on West side of 4th Street, 1/2 block from Montana and 4 blocks from Ocean Avenue, Prime Santa Monica, CA
Interior Features Include:
Air Cond: Central
Exterior Features Include:
Acreage: 0.3500 Acres
Square Feet 15298
Other Features Include:
Appliances Garbage Disposal, Water Heater Central, Refrigerator, Dishwasher
Amenities: Pool, Onsite Property Management, Storage Area, Controlled Access, Gym/Ex Room
Pool: Above Ground
Property Condition Building Permit
Total Expenses 402919.00
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