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2620 11TH ST, Santa Monica, California

$5,700,00016 Beds16 BathsActive

2620 11TH ST, Santa Monica, California 90405
- MLS® ID: 17261372

Property Details

2620 11TH ST, Santa Monica, California 90405 - Charming Spanish Style Courtyard Building in PRIME OCEAN PARK. 2 Buildings with private patio areas tucked away behind tall hedges. First time on the market in 40 years. SELLERS WILL CONSIDER CARRYING 1ST TD AND NOTE WITH 50% DOWN, 5% INTEREST ONLY OR MORE PER MONTH FOR 8-10 YEARS. 16 (1+1) units, 11 garages, 5 parking spaces, and 5 storage lockers - all rented. (Rent for parking spaces and storage lockers could be higher because one locker and one parking space is currently being used by the owner and on-site manager. Only a few historically low rents. Tremendous potential for income growth! Buyer to cooperate with Sellers' 1031 tax deferred exchange. Unit Type: "Unit 4" actual and scheduled rental income of $450 / $550 includes 5 storage lockers and laundry room income.

Amenities

  • Zip90405
  • CountyLos Angeles
  • SQFT8084
  • Bedrooms16
  • Full baths16.00
  • StatusActive
  • Purchase TypeActive
  • Property typeMulti-Family
  • Zoning typeSMR2*
  • Year built1947
  • Lot size17072
  • HeatingWall Gas
  • CoolingNone
  • Parking16
  • MLS® ID17261372

Listing Courtesy of Redwood Realty

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“Brady handled all aspects of the sale of our property. His support team too were professional, courteous and responsive. I feel we got our money's worth. Strongly recommend Brady.”

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