PRICE REDUCTION** Seller Extremely Motivated - 6 Units in Prime North Santa Monica near Montana Avenue. This is an extremely rare opportunity for an investor to purchase a multifamily property with 40% rent upside potential in this neighborhood. The property has a walk score of 91 out of 100 with proximity to a variety of dining, shopping and entertainment options along Montana Avenue and is also a short walk from the beach. The units consist of all 1 bedroom, 1 bath floor plans with a current average rent of $1,852 per month. 1 bedroom units in this immediate area are currently renting for $2,600 and higher. Front Building, built in 1924 has 4,224 square feet and Back Building, built in 1954 has 1,214 square feet (both per LA County Assessor).
BRENT ROBERTS Realtor | CA BRE# 01946139 | 619-762-4883
GET A FREE CONSULTATION Find out what your home is really worth!