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1620 WASHINGTON AVE Santa Monica, CA 90403
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Key Details
Sold Price $2,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20564954
Sold Date 05/06/20
HOA Y/N No
Year Built 1936
Property Description
Beautiful Mediterranean style, property located in the Wilshire-Montana corridor. Corner lot with great curb appeal and visibility. Tremendous 80% upside on rents. Proforma CAP rate of 5.17%. Less than $500k per unit. It consists of 3 separate structures, creating a home-like bungalow/townhome style for its' tenants. Separately metered for gas and electricity, this low maintenance building offers lush landscaping and parking garages. 6 units total, consisting of (4) 1 bedroom+1 bathroom units, (1) 2 bedroom + 1.5 bath Townhome style unit and (1) 3 bedroom + 1.5 bath Townhome style unit. Don't miss this opportunity to purchase a trophy asset in prime North of Wilshire location. This type of opportunity doesn't come around often.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Cooling None
Fireplace No
Appliance Disposal, Refrigerator
Exterior
Garage Garage
Parking Type Garage
Building
Story 2
Others
Senior Community No
Tax ID 4281003001
Special Listing Condition Standard
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Bought with Don Favia • Realty Investment Advisors, Inc.
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