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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,915,000

Est. payment - /mo

5,588 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PV26043221

HOA Y/N No

Year Built 1941

Lot Size 5,588 Sqft

Property Sub-Type Quadruplex

Property Description

Whether you're looking for your next savvy investment or want to make the most out of your purchase, don't pass up this incredible opportunity in Santa Monica! Situated with easy access to major freeways, the property is just half a mile from Virginia Ave Park and a quick three-mile trip to the iconic Santa Monica Pier. This prime location combines the charm of a quiet neighborhood with the convenience of proximity to the city's vibrant lifestyle offerings. Along a tree-lined street in a prime location, this excellent property features (4) units, each separately metered for gas and electric. Discover (3) units, 1-bedroom, 1-bath layouts on the main level and (1) large unit, 2-bedroom, 1-bath upstairs. The optimal design allows you to secure a quadruple income or live in one while renting the others. Find extensive updates across 3 units, including freshly painted walls, newly installed flooring, stainless steel appliances, and revamped fixtures. You'll also have remodeled baths and access to private patios overlooking the lush landscaping and mature fruit trees.
Convenience is yours with in-unit laundry hookups available. Plus, the 5,600 sq ft property includes a 4-car garage, an additional parking space, and off-street parking for an additional vehicle. With SMR2 zoning on a triple corner lot, you'll have plenty of room for expansion or redevelopment options. As a premium bonus, owner-occupied two-car garages can be added to the units' income, along with potential income from an ADU or from renting the additional garages. Limitless possibilities await you in this rare gem that surely won't last long. So, what are you waiting for?

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Heating Combination, Floor Furnace, Wall Furnace

Cooling None

Flooring Laminate, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater

Laundry Washer Hookup, Gas Dryer Hookup, Inside, In Kitchen

Exterior

Exterior Feature Rain Gutters

Parking Features Assigned, Garage

Garage Spaces 4.0

Garage Description 4.0

Fence Partial, See Remarks, Wrought Iron

Pool None

Community Features Sidewalks

Utilities Available Electricity Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Composition,Shingle

Total Parking Spaces 5

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Lawn, Landscaped, Sprinkler System

Story 2

Entry Level One,Two

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 4274031014

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA

Special Listing Condition Standard

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Listed by Lisa Oliveras Estate Properties lisa.ramsey@southbayspecialists.com, DRE #01141551

NEARBY SCHOOL & BUSINESS

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2117 Stewart ST Santa Monica, CA 90404