Situated in the vibrant Sunset Park neighborhood of Santa Monica lies this fantastic income opportunity with 6 spacious units, a strong GRM of 15.17, and current cap rate of 4.28%, just steps from Santa Monica College! Boasting the second highest walk & bike scores in Santa Monica, this six (6) unit property is comprised of modern, over-sized two (2) and three (3) bedroom, two (2) bathroom units, attracting students and young business professionals alike. Due to natural turnover, the new owner of this multi-family dwelling will be able to keep up with market rent control rates, as well as provide great access to local amenities, businesses,
and schools for all tenants.
Close to Santa Monica beaches with easy access to freeways and major stores, this property is in a thriving location in one of Santa Monica’s hippest areas. Nearby, there is an abundance of popular local eateries and small businesses anchored by the new addition of a Whole Foods 365 grocery store, just four blocks away. The building features ample garage and open-air parking off of a quiet street.
Do not miss this opportunity to acquire this multi-family investment and a prime piece of real estate in Santa Monica!
• Close to restaurants, stores and parks, with easy access to highways
• Located in the Sunset Park neighborhood, the 6th most walkable area of Santa Monica
• Walking distance to Santa Monica College
• 6 spacious units in a thriving part of Santa Monica
• Private garages and individual parking at the back of the building
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