914 7Th Street

  • Santa Monica

  • $6,500,000
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Residential Income Details

Description
We are excited to present 914 7th Street! A charming property just 10 minutes from the beach! 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, 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! Do not miss this potential goldmine!
Essential
MLS #18373624
Price$6,500,000
Number of Units12
Sale TypeStandard
StatusActive
Listing BrokerageRealty Investment Advisors, In
Listing AgentBenjamin J. Hsiang
Listing Agent BRE #02063191
Co-Listing AgentDon Favia
Co-Listing Agent BRE #01841258
Interior
AppliancesNone
CoolingSee Remarks
Exterior
ParkingUncovered,Covered Parking
Community
AreaC14 - Santa Monica
Address914 7Th Street
CitySanta Monica
CountyLos Angeles
StateCA
ZipCode90403
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, August 16, 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.