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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
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,922 sqft
Price per Sqft $464
MLS Listing ID 20-564954
Bedrooms 9
Year Built 1936
Lot Size 7,496 Sqft
Property Sub-Type Multi-Family
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 Santa Monica
Zoning SMR2*
Rooms
Other Rooms None
Dining Room 0
Interior
Heating Other
Cooling None
Equipment Garbage Disposal, Range/Oven, Refrigerator
Exterior
Parking Features Garage
Garage Spaces 6.0
Building
Story 2
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Realty Investment Advisors, Inc.