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

7

Building size

4,001 sqft

Lot size

6,966 sqft

Year built

1930

Stories

1

Heating

Radiant,Floor Furnace

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

0

MLS #

249086219

About this property

Exceptional investment opportunity in the heart of Santa Monica! This charming 7-unit property features five classic Spanish-style one-bedroom, one-bath bungalow units, along with two newly constructed contemporary ADU residences. The original bungalow units are filled with character and timeless appeal, offering hardwood floors throughout, abundant natural charm, and the convenience of in-unit washers and dryers. The newly built ADUs provide modern living, with the upper unit featuring a spacious one-bedroom floor plan plus a loft, and the lower unit offering a well-designed one-bedroom, one-bath layout. The property also offers the potential for 3-4 on-site parking spaces and presents an exciting future development opportunity, with the possibility of redeveloping the bungalow portion of the site (buyer to verify). 3-4 units will be delivered vacant at the close of escrow, with the potential for a 5th vacant unit as well, providing immediate flexibility for an owner-user, investor, or value-add repositioning. ADU units will be finished within apx. 1 month and were not calculated into the Projected Rents or Income.

Location

1142 Harvard Street

Santa Monica, Los Angeles, CA, 90403