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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$ 1,895,000
Est. payment | /mo
5 Beds
4 Baths
1,940 SqFt
$ 1,895,000
Est. payment | /mo
5 Beds
4 Baths
1,940 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,940 sqft
Price per Sqft $976
MLS Listing ID SB-25219953
Bedrooms 5
Full Baths 4
Year Built 1957
Lot Size 3,397 Sqft
Property Sub-Type Single Family Residence
Source California Regional Multiple Listing Service (CRMLS)
Property Description
**Seller is offering a rate buy down on this mid-century INCOME PRODUCING DUPLEX to 5.625% for qualified buyers, lowering the monthly mortgage payments by nearly $1,500! This property and rate will not last!** The building offers 1,940 sq. ft. of living space across two spacious remodeled units: a 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit being delivered vacant at sale. Both units feature remodeled kitchens and bathrooms, stainless steel appliances, central AC, recessed lighting, in-unit and onsite laundry, and updated dual-pane windows. Recent improvements include copper plumbing, new water heaters, updated electrical, and drain line upgrades, making this a low-maintenance, move-in-ready property. Furthermore, a buyer can build 2 additional units and generate up to a 6.91% cap rate! With an unbeatable walk score, this is located just steps from Trader Joe's, Whole Foods, Clover Park, Grant Elementary, John Adams Middle School, and some of the best cafes and restaurants in Santa Monica! A perfect fit for a young professional, couple, or small family, this duplex offers the ideal combination of lifestyle, location, and long-term upside in a highly sought-after Santa Monica neighborhood.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Interior
Cooling Central Air
Fireplaces Type None
Laundry See Remarks, Inside
Exterior
Garage Spaces 3.0
Pool None
Community Features Suburban
View Y/N Yes
View See Remarks
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114