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2315 Kansas Avenue

Santa Monica, CA 90404
  • $1,799,777
  • STATUS: Active Under Contract
  • ON SITE: 25 days
  • ID#: 21757308
Under Contract
$1,799,777
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1930
County:

School Ratings & Info

Description

OVER 60% upside in rents and one of the LOWEST COSTS OF ENTRY in Santa Monica. This charming 5-unit Santa Monica apartment complex is Perfect for an Owner-User, with a large 2-bedroom back house unit combined with 4 other rental units. Across the street from Whole Foods and close proximity to Santa Monica College (SMC), many restaurants, shopping, and cafes. If you are looking for a property at a low cost basis with tremendous upside potential, there is no better property in Santa Monica. Additionally, there are 4 garages that will be delivered vacant and can be rented for $250/month. Please do not disturb the tenants. All showings will be subject to an accepted offer. Property is NOT on the required soft story retrofit list in the City of Santa Monica.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-01T00:28:22.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
www.twissrealty.com/homes/119038268
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2315 Kansas Avenue Santa Monica, CA 90404

  • Price: $1,799,777
  • Status: Active Under Contract
  • ID#: 21757308
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1930
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
Property Description
OVER 60% upside in rents and one of the LOWEST COSTS OF ENTRY in Santa Monica. This charming 5-unit Santa Monica apartment complex is Perfect for an Owner-User, with a large 2-bedroom back house unit combined with 4 other rental units. Across the street from Whole Foods and close proximity to Santa Monica College (SMC), many restaurants, shopping, and cafes. If you are looking for a property at a low cost basis with tremendous upside potential, there is no better property in Santa Monica. Additionally, there are 4 garages that will be delivered vacant and can be rented for $250/month. Please do not disturb the tenants. All showings will be subject to an accepted offer. Property is NOT on the required soft story retrofit list in the City of Santa Monica.
Exterior Features

Parking Features None

Interior Features

Cooling None Cooling YN No

Property Features

Gross Income 103536 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 60430 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Smr2*

Listing provided courtesy of Chase Simonton of Re/Max One


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-01T00:28:22.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
 
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