Beach Living in Desirable Ocean Park Neighborhood
Just Listed Santa Monica 4 Plex
This is the first time the Santa Monica 4 plex has been placed on the market in 54 years. There are 3 separate structures & 3 garage spaces. The prime 4-Unit building just blocks to the Beach and the trendy Main St. shops and restaurants. There is a 3 bed + 2 bath to be delivered vacant w/ 2 garage spaces at the close of escrow w/ a projected rent of $5,000/mo. There are also two 2 bed + 1 bath units each currently getting $2,840/mo and $3,200/mo respectively. In addition, there’s a single unit + 1 bath that rents at $1,428/mo. Laundry income comes out to approx. $150/mo. Yearly expenses for the gardener are $1,200/yr. Utilities currently operate at $3,900/yr and insurance is $2,500/yr. There are 4 individual electric meters and 3 gas meters.