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
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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.
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