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

5

Building size

3,660 sqft

Lot size

6,477 sqft

Year built

1928

Stories

2

Heating

Wall Furnace,Central

Cooling

Central Air

Status

Active

Days on market

0

MLS #

248954682

About this property

A truly rare and exceptional FULLY REMODELED 5 unit offering in Santa Monica's sought-after Sunset Park neighborhood, 1034 Grant Street pairs a charming standalone character-style home with a rear fourplex. All 5 residences have been beautifully renovated and are at current market rents, combining architectural character, highly desirable rental amenities and immediate income.*****The front home/unit is the centerpiece offering a bright two-bedroom, two-bathroom private home featuring vaulted ceilings, an open-concept gourmet kitchen and patio doors opening to a private, gated front yard. The home also features it's own washer and dryer units and HVAC system and a private driveway that accommodates two tandem cars. Distinctive architecture and separation from the rear residences give it the feel of a true single-family home, making it also a compelling potential owner-user option supported by income from 4 exceptional additional residences.******The rear fourplex features two residences downstairs and two upstairs, all fully remodeled with upgraded gourmet kitchens, in-unit washers and dryers, and individual mini-split systems. Shared yard space and rear parking are also offered and available to tenants.*****For investors, the opportunity is particularly attractive: 5 remodeled residences at market rents, without the extensive renovation demands or substantial loss-to-lease often associated with older multifamily properties particularly in the coveted Santa Monica market. For an owner-user, the front home offers a distinctive Sunset Park residence complemented by four income-producing units. Both investors and owner-users can also explore opportunities to add further value with expansions and additions.*****Close to Ocean Park's restaurants, cafes and neighborhood shops, and minutes from the beach, 1034 Grant Street delivers a hard-to-find combination of character, thoughtful renovation and strong rental appeal, a compelling opportunity for buyers seeking both a property they can take pride in and an established income stream. DO NOT WALK PROPERTY and DO NOT DISTURB TENANTS.

Location

1034 Grant Street

Santa Monica, Los Angeles, CA, 90405