This is what your waiting for!!! Calling all owners-users, investors, or developers! This property offers huge upside potential and tons of opportunity!!! Stunning triplex in the heart of Santa Monica (North of Wilshire) on a 7,509 sqft (SMR2) lot, with 3,245 of total living space. Just blocks away from world-class shops, restaurants, the beach, parks & award-winning schools. Front owners' unit is a vacant single-family home with 2 Bedrooms and 2 Bathrooms. Main house has lots of natural light, great floor plan, attached 1 car garage (can be used as an office, gym etc), Large driveway with space for 3 cars, private front yard, huge 400 sqft covered patio and lots of storage & closet space throughout. It would be fairly easy to open up the kitchen into the living room and dining area. Prefect owner-user opportunity in prime Santa Monica location. If owner occupies front unit they can apply for a rent control exemption & collect market rents on the two rear units. Large spacious yard between the 2 structures. Second structure is pushed to the back of the property and has alley access. Building is two stories and each unit is on its own floor. Units are 2 Bedrooms and 1 Bathroom, spacious open living room (upstairs unit has a fireplace), ideal floor plan, have in unit laundry and a one car garage. The possibilities are endless on this property. Great for a 1031 Exchange buyer, development, and may be possible to convert the 2 rear garage spaces into an ADU. The property will be sold "as-is" and sellers will not be making any repairs or giving any credits. Property subject to soft Story Retrofit in Feb 2024.
Listing Agent: Raymond A. Lyon 01875162 Courtesy of: Compass "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 26th June, 2022 12:58 PM (UTC)