1537 Centinela Avenue

  • Santa Monica

  • $2,650,000
Share

Residential Income Details

Description
We are proud to present this rare 7-unit apartment building located in the heart of Santa Monica. 1537 Centinela Avenue is a multi-family property constructed of wood framed stucco in 1969. The Property consists of a superior mix of One 1 bedroom / 1 bathroom and Six 2 bedroom / 2 bathroom units, with one 2 bedroom / 2 bathroom unit being delivered vacant. An onsite laundry room adds further income and creates a level of convenience for the residents. With significant upside in rents and future potential income from renting out the garages, a savvy investor will be able to increase the cash flow of the property up to 80%. The Property is located in the high-demand rental market of Santa Monica, walking distance to all major shopping and dining. Santa Monica has one of the highest rents in all of Los Angeles County.
Essential
MLS #18369232
Price$2,650,000
Number of Units7
Sale TypeStandard
StatusActive
Listing BrokerageMarcus & Millichap
Listing AgentFilip Niculete
Listing Agent BRE #01905352
Interior
CoolingSee Remarks
Exterior
ParkingOther
Community
AreaC14 - Santa Monica
Address1537 Centinela Avenue
CitySanta Monica
CountyLos Angeles
StateCA
ZipCode90404
School

InquireNow

We ensure your contact information is kept secure.

Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, August 28, 2018. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.