Residential Income Details
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.
|Number of Units||7|
|Listing Brokerage||Marcus & Millichap|
|Listing Agent||Filip Niculete|
|Listing Agent BRE #||01905352|
Based on information from California Regional Multiple Listing Service, Inc. as of Friday, August 3, 2018.
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