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$2,999,999
Est. payment /mo
7 Beds
4 Baths
5,100 SqFt
UPDATED:
11/25/2024 04:01 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,100 sqft
Price per Sqft $588
MLS Listing ID 24422677
Bedrooms 7
Construction Status Fixer,Repairs Major
HOA Y/N No
Year Built 1927
Lot Size 8,023 Sqft
Property Description
Presenting an incredible value-add opportunity in the heart of Santa Monica! This property comes RTI for a 7-unit apartment building. Delivered fully vacant and one block from Montana Avenue. The plan features a tasteful renovation of the 4 existing apartments while adding 3 additional units. The charming courtyard-style style configuration with (1) one-bedroom and (3) two-bedroom bungalow-style units surrounding a sunlit gardenwith the opportunity to build an additional duplex on what is currently the center courtyard, and a studio ADU over the garage. Seller has plans and permits stamped and approved to build three ADUs and renovate the existing units into Class A Spanish-style bungalows. A can't-miss opportunity to build one of the few new construction apartment complexes in the most desirable renter's market in Los Angeles.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features None
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Construction Status Fixer,Repairs Major
Others
Senior Community No
Tax ID 4277009003
Special Listing Condition Standard
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Listed by Jacqueline Chernov • Compass