Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

5

Building size

4,018 sqft

Lot size

5,788 sqft

Year built

1956

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

31

MLS #

245701881

About this property

5-UNIT SANTA MONICA INVESTMENT OPPORTUNITY | SELLER FINANCING Investors take note! Here’s a fantastic opportunity to acquire a 5-unit multifamily property in a desirable section of Santa Monica. The property offers tenant mix of four 2-bedroom/1-bath units plus one studio, offering an attractive unit mix in a highly desirable rental market. The studio offers additional flexibility for investment or owner use and features an updated kitchen with new appliances. Existing rents provide potential for long-term income growth. Parking is available for four units. Parking is available for four units. Seller financing offered with a minimum 50% down payment. Terms and buyer qualifications subject to seller approval. Conveniently located near shopping, dining, employment centers, transportation, and the many amenities of Santa Monica and the Westside. An excellent opportunity for an investor seeking a Santa Monica multifamily asset with immediate income and future upside. ** Some photos staged for illustrative purposes**

Location

1646 Berkeley

Santa Monica, Los Angeles, CA, 90404