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511 Strand Street

Santa Monica, CA 90405
  • $1,998,000
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: 22186107
UPDATED: 37 min ago
$1,998,000
  • 5
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,960
    SQFT
  • $1,019
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

School District:
Listing Agent(s): Elizabeth C. Layne of Re/Max Estate Properties ()


Description

Extraordinary Santa Monica triplex in a great location of Ocean Park, West of Lincoln, and only five blocks to the beach! This well-maintained corner property boasts TWO VACANT units (2/1 and standalone 1/1) and one tenant-occupied unit (middle unit 2/1 is rented). The vacant 1/1 has been remodeled with a newer kitchen and has a massive 10x20 deck. And the front vacant unit is also remodeled with gleaming hardwood floors, a newer electrical panels and some updated plumbing. Newer roof was completed in 2019. Located just blocks from Main Street and the beach dining, entertainment and near all of the major attractions that Santa Monica has to offer. The property offers two garages and large driveway for additional parking. Each unit has its own electric and gas meter. With the ability to obtain market rents in a highly desired neighborhood, this property offers investors or owner-users a great opportunity

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T00:30:54.763. 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 deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/131602422
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511 Strand Street Santa Monica, CA 90405

  • Price: $1,998,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 37 min ago
  • ID#: 22186107
5
Beds
0
Baths
0
½ Baths
0.13
Acres
1,960
SQFT
$1,019
$/SQFT
1961
Built
Neighborhood:
C14 - Santa Monica
County:
Los Angeles
Area:
C14 - Santa Monica
School District:
Santa Monica-Malibu Unified
Property Description
Extraordinary Santa Monica triplex in a great location of Ocean Park, West of Lincoln, and only five blocks to the beach! This well-maintained corner property boasts TWO VACANT units (2/1 and standalone 1/1) and one tenant-occupied unit (middle unit 2/1 is rented). The vacant 1/1 has been remodeled with a newer kitchen and has a massive 10x20 deck. And the front vacant unit is also remodeled with gleaming hardwood floors, a newer electrical panels and some updated plumbing. Newer roof was completed in 2019. Located just blocks from Main Street and the beach dining, entertainment and near all of the major attractions that Santa Monica has to offer. The property offers two garages and large driveway for additional parking. Each unit has its own electric and gas meter. With the ability to obtain market rents in a highly desired neighborhood, this property offers investors or owner-users a great opportunity
Exterior Features

Direction Faces West Entry Location Ground Level W/Steps Foundation Details Raised Parking Features Door-MultiDrivewayGarage Parking Total 3 Patio And Porch Features None Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

Interior Features

Appliances DishwasherGas CooktopDisposalRefrigerator Cooling None Cooling YN No Fireplace Features Dining RoomLiving RoomOutside Fireplace YN Yes Flooring Wood Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 3.5 Garage YN Yes Gross Income 99072 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 66396 New Construction YN No Possession Close Of Escrow Rent Control YN Yes Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGas Zoning Smop2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T00:30:54.763. 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 deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
 
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Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): Elizabeth C. Layne of Re/Max Estate Properties ()