This property can be purchased individually or with 844 5th St, 1 block away. Roque & Mark Co. is pleased to represent this incredible Santa Monica 10 unit property, just steps to Montana Ave and 5 blocks to the beach! Excellent unit mix consisting of (1) 2 beds+2 baths, (4) 2 beds+1 bath, and (4) 1 bed+1 bath. Most units have a private balcony. The property is fully occupied and currently offered at a 14.3 GRM and 4.54 CAP rate. 8 individual parking spaces and 11 if used as tandem. All soft-story retrofitting and balcony inspections have been completed. The property has copper plumbing, a newer roof, and most units have been luxuriously upgraded. Subject to City of Santa Monica rent control.
Click here for Offering Memorandum.
David Schuchman
Roque & Mark Co.
2802 Santa Monica Blvd. | Santa Monica, CA 90404
310.828.7525 | David@roque-mark.com | www.Roque-Mark.com
DRE: 01472937
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