5-Unit Multifamily Investment Opportunity in Prime Santa Monica
This exceptional property offers a rare opportunity in an unbeatable Santa Monica location, just moments from the iconic Santa Monica Pier, Venice Beach, and the area’s stunning coastline. With a current 5.00% cap rate and 13.06 GRM, there is upside potential to increase to a 5.48% cap rate and 12.27 GRM.
Property Highlights
• Front Duplex-Perfect Owner Occupy Unit: Features a spacious 3-bedroom, 3-bathroom unit, perfect for owner occupancy. It offers flexibility to be used as a 2-bedroom, 2-bath unit with a 1-bedroom, 1-bath unit, each with private entrances, fireplaces, and patios.
• Studio Unit: Includes a large private deck, ideal for added comfort and outdoor enjoyment.
• Rear Units: Two well-sized 1-bedroom, 1-bath units (600 SF each) and one Bachelor unit.
• Additional Amenities: A shared laundry room, four enclosed garages, and beautifully maintained grounds.
All units boast separate entrances, hardwood floors, and tasteful finishes throughout. The property features 100% copper piping, an upgraded electrical panel, and offers spacious, well-appointed interiors in each unit.
This is an incredible opportunity for investors or an owner-user seeking a flexible living arrangement in the highly desirable area of
Santa Monica.
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