NOW ACCEPTING ALL OFFERS – 6-UNIT PROPERTY NEAR SANTA MONICA COLLEGE WITH LOTS OF UPSIDE
DEPENDABLE 6-UNIT PROPERTY NEAR SANTA MONICA COLLEGE WITH LOTS OF UPSIDE
1820 12TH ST, SANTA MONICA, CA 90404

Jodi Summers

Sotheby’s International Realty

310.392.1211

jodi@jodisummers.com

6-UNIT PROPERTY NEAR SANTA MONICA COLLEGE WITH LOTS OF UPSIDE 1820 12TH ST, SANTA MONICA, CA 90404 

NOW ACCEPTING ALL OFFERS! Near the light rail. Near the freeway. Near SMC. Near the Michigan Avenue Greenway project. Close to shops and restaurants, the beach and the Pier. 5 units are 2 bedroom + 1 bathroom units. Main unit is 3 bedroom 2.5 bathrooms.48% potential upside in rents. Adjacent building is also available.

Price: $2,500,000

Property Type: Multifamily

No. Units: 6

Building Size: 7,514 SF

Parking Spaces: 8

Estimated Net Operating Income: $74,819

Lot Size: 6,121 SF

Cap Rate: 3%

GRM: 18.8

 

CURRENT RENTS

Type   Number of Units      Bedrooms     Baths            Revenue

Unit 1           1                             3        2.50              $2,718

Unit 2           1                             2        2.00              $1,004

Unit 3           1                             2        2.00              $1,727

Unit 4           1                             2        2.00              $1,727

Unit 5           1                             2        2.00              $1,325

Unit 6            1                             2        2.00              $2,527

 

Please contact us for more information.

 

Best,

Jodi Summers

Broker Associate

Sotheby’s International Realty

310.392.1211

jodi@jodisummers.com

www.SoCalMultiUnitRealEstateBlog.com

CalBRE - 01343854

**

There are no strangers here; only friends you haven't yet met.William Butler Yeats


 

 

 

 

 

p.s. This is not intended as a solicitation if your property is already listed with another agent. Broker/Agent may not hold the listing on this property and does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources.

Jodi Summers
Broker Associate

DRE #01343854
+1 310.430.9749 | jodi@jodisummers.com.deactivated
www.santamonicapropertyblog.com/


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Pacific Palisades, CA 90272
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© 2024 Sotheby’s International Realty, Inc. All rights reserved. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, changes including price or withdrawal without notice. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractors and are not employees of Sotheby’s International Realty, Inc.