Property consists of two separate structures, a double-car garage plus eight open parking spaces serviced by a rear alley. The front building has five units including one 3 BD/1 & 1/2 BA unit and four 2BD/1BA units. The rear building is a 2 BD/1 BA single family house. Great rent income upside on tenant turnover.
Two separate adjacent parcels (Parcel #4282-032-027 & 4282-032-028) consist of a duplex and fourplex, total 6-units. Buyer may be able to obtain two loans as high as 80% of price. Completely renovated, copper plumbing, updated electrical, fire places, hardwood floors, washers & dryers in all units, tiled kitchen and bathrooms. Prime Santa Monica, close to shops and restaurants on 3rd St promenade. The front lot consists of a duplex (2-2BR/2BA townhomes. 1,600 S. F. each are suitable for owner to occupy), the rear lot consists of a fourplex (4-1BR, 1BA units). 13.7 x Gross; 5.3% Cap with existing rents; 12.1 x Gross and 6.2% Cap with rents at market. Value-Add: Plans are availabl
The front lot parcel #4282-032-027 consists of a duplex; 2-2BR, 2BA townhouses, 1,600 S. F. each, renovated. Washer/dryer in units. One of the duplexes has a wood burning fireplace and central heating and A/C. One unit is leased at $4,800 and the second one is leased at $5,000. Market rent for these units is $5,900/mo. Buyer may purchase this property with the one in the rear, parcel #4282-032-028 that consists of a fourplex (4-1BR, 1BA units).
Completely remodeled two-level townhome featuring two large bedrooms and two bathrooms, filled with beautiful natural light throughout. The home offers brand-new finishes including quartz countertops, new floors, new cabinets, fresh paint, built-ins and all new appliances along with in-unit washer and dryer, new heating and air conditioning and an all new electrical panel and lighting. A standout feature is the oversized private patio, spacious enough for a full dining area and ideal for entertaining or relaxing outdoors, which is a rare benefit in a condo setting. Every detail has been updated making this a true turnkey opportunity. Located in a vibrant Santa Monica neighborhood with shops
Brand new finishes • Pico farmers market • New electrical panel
ABOUT THIS HOME
Pico, CA Homes for Sale
Designed by award-winning architects Pugh + Scarpa, the 12th Street Lofts are among the most coveted boutique residences on the Westside. With only 12 units in the entire building, exclusivity is built into the DNA of this address. Perched on the top floor and facing south, Residence 303 is flooded with natural light from morning to evening. Loft-style volume, polished concrete floors, and soaring ceilings create an open canvas for modern living. The living area extends seamlessly to a private terrace through a dramatic roll-up glass door, a design element that transforms the space with a single touch. The chef's kitchen features custom cabinetry and premium appliances, while the fireplace