*Incredible opportunity to reposition this excellent asset or to redevelop entirely. *Set on an oversized lot of 7,500sf that measures 50 feet of frontage along Santa Monica Blvd and 150 deep with rear alley access. *Highly visible location - Over 30K cars each day drive along Santa Monica Blvd *Access to major tech employers, close proximity to Brentwood and West LA, along with all the world class attractions of Santa Monica Three separate buildings on site. Single story building that fronts SM Blvd is comprised of two side by side commercial units (month to month/ appx 1,500sf), a detached commercial unit with loft (month to month, appx 1,500sf ) and a rear building that is residential with three units totaling about 1,470sf (a 2/1, 1/1 and studio). All residential units on month to month. This property affords the buyer an opportunity to immediately reposition a stabilized asset as all the commercial leases are month to month. This works for an owner user or for an investor. Additionally, one can redevelop into a mixed use property and take advantage of density bonuses from the City of SM.
|
DAYS ON MARKET
|
44
|
LAST UPDATED
|
4/25/2024
|
|
YEAR BUILT
|
1946
|
COMMUNITY
|
Santa Monica
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Apr 25, '24
|
$3,985,000
|
| Apr 25, '24 - Today |
$3,598,000 |
| APPLIANCES |
Dryer, Refrigerator, Washer |
| AREA |
Santa Monica |
| BUYER'S BROKERAGE COMPENSATION |
2.500 % |
| GARAGE |
Driveway, Garage, Yes |
| HEAT |
Wall Furnace |
| LOT |
7522 sq ft |
| PARKING |
Driveway,Garage |
| STORIES |
2 |
| ZONING |
SMC4* |
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Listed with The Beverly Hills Estates
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/26/24 10:25 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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