Property Description

REDUCED $100k! Under 14x GRM. This property can be purchased individually or with 844 5th St, 1 block away. Roque & Mark Co. is pleased to represent this incredible Santa Monica 10 unit property, just steps to Montana Ave and 5 blocks to the beach! Excellent unit mix consisting of (2) 2 beds+2 baths, (2) 2 beds+1 bath, and (6) 1 bed+1 bath. Most units have a private balcony. The property is currently offered at a 13.9 GRM and 4.65 CAP rate. 8 individual parking spaces and 11 if used as tandem. All soft-story retrofitting and balcony inspections have been completed. The property has copper plumbing, a newer roof, and most units have been luxuriously upgraded. Subject to City of Santa Monica rent control.

ESSENTIAL INFO

• Status: Active
• Architecture: Traditional