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    1220 24Th St

    Santa Monica, CA 90404
    • $2,150,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: 21-762610
    $2,150,000
    • 6
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,847
      SQFT
    • $755
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1936
    County:
    Area:

    School Ratings & Info

    Description

    Fantastic Investment at 4.4% CAP 15.5 GRM or Owner-User opportunity!! Whether you're looking for an investment or owner-user property, you will not find a better opportunity in Santa Monica. The front 2 bedroom home of this charming bungalow-style retreat is being delivered vacant. Located just south of Wilshire Blvd, and within a couple blocks of Chelsea Park, Whole Foods, Trader Joes, great restaurants and coffee houses in one of the most sought-after rental markets in Southern California that just keeps on improving. One of the highest CAP and lowest GRM you will find in the area for a 4-plex! First Time on the Market in 40+ Years!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-30T23:42:36.523. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/119481360
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    1220 24Th St Santa Monica, CA 90404

    • Price: $2,150,000
    • Status: Active
    • ID#: 21-762610
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,847
    SQFT
    $755
    $/SQFT
    1936
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    Fantastic Investment at 4.4% CAP 15.5 GRM or Owner-User opportunity!! Whether you're looking for an investment or owner-user property, you will not find a better opportunity in Santa Monica. The front 2 bedroom home of this charming bungalow-style retreat is being delivered vacant. Located just south of Wilshire Blvd, and within a couple blocks of Chelsea Park, Whole Foods, Trader Joes, great restaurants and coffee houses in one of the most sought-after rental markets in Southern California that just keeps on improving. One of the highest CAP and lowest GRM you will find in the area for a 4-plex! First Time on the Market in 40+ Years!
    Exterior Features

    Covered Parking 4 Levels Multi/Split Lot Size Area 5296 Other Structures None Parking Garage GarageUncoveredAssigned Style California Bungalow Total Parking 6 View Description City View YN Yes Water Frontage None

    Interior Features

    Baths Total 4.00 Cooling None Equipment Other Flooring HardwoodOther Heating Wall Laundry CommunityInsideLaundry AreaRoom Laundry Equipment Own

    Property Features

    Gross Income 138192 Gross Operating Income 134346 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 95210.00 Number Of Buildings 3 Number Of Units 4 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 39194 Type Of Units Apartments Water Public Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of Eric Sackler DRE#01057377 of Coldwell Banker Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-30T23:42:36.523. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583