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

2,700 sqft

Lot size

7,765 sqft

Stories

1

Status

Active

Days on market

22

MLS #

248837909

About this property

COMPLETELY VACANT TRIPLEX! HIGHLY MOTIVATED SELLERS!!! FLEXIBILITY ON PRICING!!! OPPORTUNITY KNOCKS!!! Exceptional investment opportunity (including a 1031-Exchange),in one of Santa Monica's most sought-after neighborhoods. This rare offering gives investors or owner-users the opportunity to immediately establish market rents without existing tenant restrictions. Situated on an expansive 7,763-square-foot lot, the property offers approximately 2,700 square feet of living space comprised of three well-designed units, each featuring two spacious bedrooms, two bathrooms, mini-split heating and air conditioning, and an in-unit washer and dryer.The oversized lot presents outstanding long-term upside with potential for future expansion or redevelopment (buyer to verify with the City of Santa Monica). Whether your strategy is to maximize rental income, reposition the asset, or explore future development opportunities, this property offers exceptional flexibility and value.Ideally located near Santa Monica College and just minutes from the Santa Monica Pier, Third Street Promenade, Santa Monica Place, Palisades Park, and Venice Beach, this prime Westside location offers strong tenant demand and enduring investment appeal. Opportunities to acquire a completely vacant triplex in such a premier location are exceptionally rare.

Location

1817 17th Street

Santa Monica, Los Angeles, CA, 90404