Property Type:Residential Income (Multi-Family)
On Site:8 Days
Lot Size:6,435 Sq. Ft.
Santa Monica Apartment Complex for Sale in the coveted Ocean ParkArea. 5-unit building comprising of an approximately 3760sf building which sits on a 6451sf lot. All 5-units are 2-bedroom 1-bath apartments.The gross income is estimated at$120,700.There are five (5) uncovered parking spaces in the rear of building. Building to be Sold As-Is. One unit to be delivered vacant at the close of escrow. Building is under rent control, and the Buyer to conduct all their own due diligence with SantaMonica rent control board. Inside units, only with an accepted offer.Please do not disturb the tenants. Copper plumbing. Buyer to cooperate with Sellers 1031 Exchange at no cost or time to the Buyer.
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:645 Raymond Ave Santa Monica, CA 90405
Area:C14 - Santa Monica
Building Area: 3760.0
Number of Buildings: 1
Total Units: 5
Unit 1: 1 Unit•2 Beds•1 Bath•Unfurnished•$2,165 actual rent•$2,165 total rent
Unit 2: 2 Units•2 Beds•1 Bath•Unfurnished•$842 actual rent•$842 total rent
Unit 3: 3 Units•2 Beds•1 Bath•Unfurnished•$2,100 actual rent•$2,100 total rent
Unit 4: 4 Units•2 Beds•1 Bath•Unfurnished•$2,167 actual rent•$2,167 total rent
Unit 5: 5 Units•2 Beds•1 Bath•Unfurnished•$2,784 actual rent•$2,784 total rent
Parking Features: Assigned
Parking Total: 5.0
Features / Amenities
Appliances: Dishwasher, Refrigerator
Heating: Wall Furnace
Lot Size: 0.15 Acres / 6,435 Sq. Ft.
Directions:West of Lincoln South OF Ocean Park Boulevard.
Tax and Financial Info
Buyer Financing: Cash
Gross Income: $120,701
Net Operating Income: $79,031
Listing provided courtesy of Emily Bregman, Compass.
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Based on information from California Regional Multiple Listing Service, Inc. as of October 17, 2021. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.