1117 MICHIGAN AVE, Santa Monica, CA 90404
Residential property for sale
- Description
- A DEVELOPER'S DREAM ON THE WESTSIDE--SANTA MONICA. OR VALUE ADD OPPORTUNITY WITH CAPITAL IMPROVEMNTS TO MAXIMIZE RENTS.WE ARE PLEASED TO PRESENT THIS (7) UNIT PROPERTY CONSISTING OF 3 STRUCTURES, A QUADRUPLEX, A DUPLEX, AND A SEPERATE UNIT ATTACHED TO THE GARAGES. (TWO LOTS BUT ONE APN) A MIX OF FOUR (4)TWO BEDROOM, ONE BATH UNITS AND THREE (3) ONE BEDROOM,ONE BATH UNITS. THIS PROPERTY SITS ON A 16,492 SF LOT, ZONED R2. MANY LONG-TERM TENANTS, NO VACANCIES; TWO UNITS OWNER OCCUPIED WITH NO REVENUE GENERATED, BUT WILL BE DELIVERED VACANT AT COE. PROPERTY HAS NOT BEEN ON THE MARKET IN 50 YEARS.AN OPPORTUNITY MINUTES AWAY FROM SHOPPING, TRANSPORTATION, AND BEACH. BUYER TO COOPERATE WITH SELLER IN A 1031 TAX EXCHANGE AT NO ADDITIONAL COST TO BUYER.
- Property Details
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Property Type: Single Family Status: Available Price: $ 2,500,000 Building Size: 5,136 SF Buildings: 1 Added: 11/24/2013 Last Update: 01/15/2014 - Interior Features
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Bedrooms: 11 Bathrooms: 7 - Note
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