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

Bedrooms

3

Building size

2,081 sqft

Lot size

5,532 sqft

Year built

1939

Stories

1

Style

Spanish

Heating

Central

Cooling

Central Air

View

None

Status

Active

Days on market

8

MLS #

248391126

About this property

**PROPERTY CAN BE DELIVERED VACANT BY THE CLOSE OF ESCROW** Santa Monica original with serious style, flexibility, income and upside. Tucked into the heart of Santa Monica's vibrant Broadway Arts District, this charming Spanish-style triplex is the kind of property that doesn't come along every day. The property features three completely separate homes, offering privacy, versatility, and multiple ways to make the property work for you. One of the one bedroom cottages enjoys a den. Full of character and opportunity, it puts you right in the middle of the action-just moments from creative studios, art centers, the Santa Monica Co-Op, Metro Rail, and an eclectic mix of local shops, dining, and events. The beautifully remodeled front home is vacant and the two rear cottages are month to month with a lush private front yard and a spacious rear courtyard that sets the stage for morning coffee, weekend entertaining, or laid-back Santa Monica evenings with friends. Meanwhile, the two rear residences generate $5,000/$60,000 annual rental income, excluding the vacant front home, creating an exciting opportunity for an owner-occupant, multigenerational living setup, or investor looking to maximize the property's potential. Two of the three residences also feature in-unit laundry for an added layer of convenience. Live in one. Rent the others. Hold for the future. However you choose to use it, this is a rare chance to own a piece of Santa Monica with character, income, and flexibility built in. Welcome to your Santa Monica story. *OFFER DEADLINE WEDNESDAY OCTOBER 21st @ 5PM*

Location

1434 24th Street

Santa Monica, Los Angeles, CA, 90404