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    1824 Michigan Ave

    Santa Monica, CA 90404
    • $2,825,000
    • STATUS: Active
    • ON SITE: 143 days
    • ID#: 20-573026
    UPDATED: 11 min ago
    $2,825,000
    • 12
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,160
      SQFT
    • $547
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:
    Area:

    School Ratings & Info

    Description

    Seller Financing Possible. Attention Owner/Occupied Buyers - We can deliver this Property with the stand-alone HOME Vacant at Close of Escrow! Prime corner, street-to-alley 16,000+ sq ft lot amazing asset in the City of Santa Monica. Steps to Metro Expo Line. Identified as being in The Michigan Avenue Neighborhood Greenway. Actual income stream for Investor or Owner/Occupied purchaser. Improved with 6-unit, garden style apartment building plus a stand-alone 3 bedroom, 2.5 bathroom single family home with detached Home Office/Studio & Garage. Rare opportunity to acquire this huge, corner 16,000+ sq ft lot. UNIT MIX: 1 Studio. 1 One Bedroom + 1 Bath, 4 Two Bedroom + 1 Bath and 1 Single Family Three Bedroom + Two and a Half Bath Home with Detached Home Office/Studio & Garage. This complex is 100% Leased. Rent Roll is as of 09/01/2020 and All Tenants current on Rent payments. Do not walk on Property. Do not disturb tenants. Drive by only. Inside with Accepted Offer only.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-22T22:42:27.677. 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.
    www.lydiagable.com/homes/105454877
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    1824 Michigan Ave Santa Monica, CA 90404

    • Price: $2,825,000
    • Status: Active
    • Updated: 11 min ago
    • ID#: 20-573026
    12
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,160
    SQFT
    $547
    $/SQFT
    1922
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    Seller Financing Possible. Attention Owner/Occupied Buyers - We can deliver this Property with the stand-alone HOME Vacant at Close of Escrow! Prime corner, street-to-alley 16,000+ sq ft lot amazing asset in the City of Santa Monica. Steps to Metro Expo Line. Identified as being in The Michigan Avenue Neighborhood Greenway. Actual income stream for Investor or Owner/Occupied purchaser. Improved with 6-unit, garden style apartment building plus a stand-alone 3 bedroom, 2.5 bathroom single family home with detached Home Office/Studio & Garage. Rare opportunity to acquire this huge, corner 16,000+ sq ft lot. UNIT MIX: 1 Studio. 1 One Bedroom + 1 Bath, 4 Two Bedroom + 1 Bath and 1 Single Family Three Bedroom + Two and a Half Bath Home with Detached Home Office/Studio & Garage. This complex is 100% Leased. Rent Roll is as of 09/01/2020 and All Tenants current on Rent payments. Do not walk on Property. Do not disturb tenants. Drive by only. Inside with Accepted Offer only.
    Exterior Features

    Garage Structures Total 1 Lot Location Corner LotNear Public Transit Lot Size Area 16009 Other Structures Other Parking Garage Other Paved YN Yes Pool Description None Pool YN No Roof CompositionShingle Spa None Spa YN No Sprinklers Sprinkler SystemSprinkler Timer Style Architectural Tennis Court None Tennis YN No Total Parking 5 View Description None View YN No

    Interior Features

    Baths Total 8.50 Cooling None Equipment Other Flooring HardwoodTileLinoleumLaminate Heating Wall Gas Laundry Other Water Heater Features TanklessGasWater Heater Unit

    Property Features

    Alley YN Yes Gross Income 166098 Gross Operating Income 166098 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 132865.00 Number Of Buildings 2 Number Of Units 7 Rent Control YN Yes Sale Type Standard Sewer In Street Source Living Area Other Source Lot Size Area Assessor Total Annual Expense 31572 Type Of Units Mixed Water Heaters YN Yes Year Built Source Assessor Zoning Smr2*

    Listing provided courtesy of Steven Foonberg DRE#01232587 of Westside Realty Group - Beverly Glen Rea.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-22T22:42:27.677. 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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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377