Apartments For Sale • 5,948 SF
12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and 12.6 GRM from day 1! |
Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on the proforma. |
Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs. |
Prelim Plans for 2 additional detached (1bed/1bath) ADUs over the open parking area in the back for future upside. |
100% Occupancy! |
Cap Rate: | 5.80 % |
Transit/Subway | Drive | Walk | Distance |
---|---|---|---|
26Th St/Bergamont (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 3 min | 19 min | 1.0 mi |
Airport | Drive | Walk | Distance |
Los Angeles International | 16 min | - | 7.9 mi |
Bob Hope | 31 min | - | 20.6 mi |
Long Beach (Daugherty Field) | 36 min | - | 27.4 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 5 |
Type: | Surface |
Included in Rent: | Yes |