$9,850,000
$9,850,000
For more information regarding the value of a property, please contact us for a free consultation.
15,600 SqFt
SOLD DATE : 06/30/2022
Key Details
Sold Price $9,850,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,600 sqft
Price per Sqft $631
MLS Listing ID 21794864
Sold Date 06/30/22
HOA Y/N No
Year Built 1969
Lot Size 7,496 Sqft
Acres 0.1721
Property Description
1008 2nd Street is an incredible asset in the heart of LAs famed beach City of Santa Monica. Originally built in 1969, the building boasts an ideal unit mix consisting of all large 1 & 2 bedroom units. Each of these units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light.There is significant rental upside and on-site parking for 21 cars as well as an on-site laundry facility. The unit mix includes (1) 2-bed, 3-bath with a den unit, (4) 2-bed, 2-bath units, (5) 1-bed, 2 bath with a den units, and (4) 1-bed, 1 bath units. This is a fantastic trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor.A quick walk to Third Street Promenade and the beach, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR3*
Interior
Heating None
Cooling None
Fireplace No
Exterior
Garage Covered
Parking Type Covered
Total Parking Spaces 21
Building
Story 3
New Construction No
Others
Senior Community No
Tax ID 4292027003
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Justin Kohanoff • Westgate Property Group Inc.
GET MORE INFORMATION
CEO | DRE# SA695240000 | DRE# 02100184