Description
Exceptional opportunity to purchase this ideally located fourplex in the Sunset Park neighborhood of Santa Monica less than a mile to the beach. Two units are now vacant and will be delivered vacant giving the buyer the rare opportunity to rent at market rates. One unit was just vacated and would need some freshening up if not renovated. The 2 bedroom unit over the garage has privacy as no one is below the unit and this unit offers a clean slate for someone to update. There are two double car garages offering one parking space per unit. One double garage is currently setup as an owner's workshop. Nice quiet side street leads to a residential neighborhood. The front three units have a rear door with a small utility room with wash sink. All units have space for stacked washer and dryer. The middle two units each have a nice size rear patio and the front unit has a fenced side yard and small rear patio. All the amenities of this iconic SoCal location are available within minutes. Dining and shopping at Third Street Promenade is just north off of Lincoln Blvd. Property is subject to Santa Monica Rent Control. Plans for the required Soft Story Retrofit have been submitted for approval. If final plans become available they will be provided to the buyer. It appears that the city has extended the retrofit completion from July 2024 to July, 2026.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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3,008SQFT
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$597$/SQFT
School Ratings & Info
Description
Exceptional opportunity to purchase this ideally located fourplex in the Sunset Park neighborhood of Santa Monica less than a mile to the beach. Two units are now vacant and will be delivered vacant giving the buyer the rare opportunity to rent at market rates. One unit was just vacated and would need some freshening up if not renovated. The 2 bedroom unit over the garage has privacy as no one is below the unit and this unit offers a clean slate for someone to update. There are two double car garages offering one parking space per unit. One double garage is currently setup as an owner's workshop. Nice quiet side street leads to a residential neighborhood. The front three units have a rear door with a small utility room with wash sink. All units have space for stacked washer and dryer. The middle two units each have a nice size rear patio and the front unit has a fenced side yard and small rear patio. All the amenities of this iconic SoCal location are available within minutes. Dining and shopping at Third Street Promenade is just north off of Lincoln Blvd. Property is subject to Santa Monica Rent Control. Plans for the required Soft Story Retrofit have been submitted for approval. If final plans become available they will be provided to the buyer. It appears that the city has extended the retrofit completion from July 2024 to July, 2026.
Based on information from CRISNet MLS as of 2021-02-24T22:56:19.583. 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.
The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
Based on information from the i-Tech MLS as of 2021-02-24T22:56:19.583. 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.