Description
Dont miss this great opportunity for a prime nine unit apartment building with upside potential in the growing neighborhood of Mar Vista. Close to Venice Beach, Abbot Kinney and Main Street Santa Monica, with easy access to the 405 and 10 Freeways. Well maintained, and upgraded units! High Walk-Score neighborhood (85), and good access to transit. Remodeled units, with granite counters, newer cabinetry, hard surface flooring (some with Hardwood) and dishwashers in some units. Good unit mix of One, Two and Three bedroom units attract multiple renter types. Upgraded electrical and heating. Current GRM at 16.61, and CAP at 4.30% at actual income and actual expenses with adjustments for the new tax rate. Potential for 5.37% CAP with units at market rent.
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13BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
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6,820SQFT
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$484$/SQFT
School Ratings & Info
Description
Dont miss this great opportunity for a prime nine unit apartment building with upside potential in the growing neighborhood of Mar Vista. Close to Venice Beach, Abbot Kinney and Main Street Santa Monica, with easy access to the 405 and 10 Freeways. Well maintained, and upgraded units! High Walk-Score neighborhood (85), and good access to transit. Remodeled units, with granite counters, newer cabinetry, hard surface flooring (some with Hardwood) and dishwashers in some units. Good unit mix of One, Two and Three bedroom units attract multiple renter types. Upgraded electrical and heating. Current GRM at 16.61, and CAP at 4.30% at actual income and actual expenses with adjustments for the new tax rate. Potential for 5.37% CAP with units at market rent.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-01-17T23:42:25.877. 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.