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914 7th St, Santa Monica
Own a prime investment 5 minutes from the beach? Sounds too good to be true! We are excited to present 914 7th Street! A charming property with peak income potential! This 12 unit building rests in one of the most stunning areas of the Southern California Coastline & boasts some of the highest walk, bike, and transit scores in the city, along with major access points within walking distance, including the 3rd Street Promenade, Santa Monica Pier, and the stores of Wilshire Boulevard & Montana Ave. A prime investment opportunity, this building also has an incredibly attractive pro forma cap rate, showing major upside in rents and will be delivered with 8 units vacant & ready for renovation, allowing any prospective owner to capitalize massively on the rising rental market. Additionally, Owner/Users can fully renovate & live in their dream home in a highly desirable area, while their tenants help pay the mortgage!
- MLS® #19450248
- Square Footage9,276
- Year Built1959
- TypeResidential Income
- Sub-TypeApartment Building
- Parking Spaces18
- ParkingGarage, Tandem, Other
- Date ListedApril 1st, 2019
- Days on Market22
- Address914 7th St
- AreaSanta Monica (C14)
- CitySanta Monica
- CountyLos Angeles
- Zip Code90403
- Interior FeaturesOther
- HeatingWall Heater, Other
- CoolingAir Conditioning
- # of Stories2
- Listing AgentDon Favia(01841258)
- Listing OfficeRealty Investment Advisors, Inc.
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Last updated on April 23rd, 2019 at 8:47am PDT