$2,400,000
Probate Sale. Court Confirmation Required. We are currently collecting reasonable offers to present to the court in order to secure a hearing date. Interested parties are encouraged to submit an offer or Letter of Intent. The Offering Memorandum is uploaded in the Supplements section. Well-located 9-unit apartment building situated on a desirable, clean street in Santa Monica surrounded by similar multifamily properties. The unit mix consists of one large three-bedroom, two-bath unit, one two-bedroom, one and a half-bath unit, and seven one-bedroom, one-bath units. The property features three garage spaces in the front and four parking stalls in the rear. Excellent proximity to transportation, shopping, and amenities. Approximately 13 blocks from the Santa Monica Pier and the ocean. Four units will be delivered vacant, providing strong upside potential. Offers subject to interior inspection. Ideal opportunity for value-add investors and 1031 exchange buyers.
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Listed by Michael Johnson with Realty Executives All Cities (562) 925-1111
Property Type
Apartment
Status
Active
MLS Number
RS24052918
Year Built
1960
Lot Size
7,488 sq ft