2620 11TH Street Santa Monica, CA 90405
Charming Spanish Style Courtyard Building in PRIME OCEAN PARK. 2 Buildings with private patio areas tucked away behind tall hedges. First time on the market in 40 years. SELLERS WILL CONSIDER CARRYING 1ST TD AND NOTE WITH 50% DOWN, 5% INTEREST ONLY OR MORE PER MONTH FOR 8-10 YEARS. 16 (1+1) units, 11 garages, 5 parking spaces, and 5 storage lockers - all rented. (Rent for parking spaces and storage lockers could be higher because one locker and one parking space is currently being used by the owner and on-site manager. Only a few historically low rents. Tremendous potential for income growth! Buyer to cooperate with Sellers\' 1031 tax deferred exchange. Unit Type: \Unit 4\ actual and scheduled rental income of $450 / $550 includes 5 storage lockers and laundry room income.
- Price per Sqft: $705
- Year Built: 1947
- Stories: 1
- Lot Size: 17,072 SqFt
- Acreage: 0.39
- Parking Type: Assigned, Garage - Single Door, Parking Space
- Flooring: Vinyl, Wood
- Pool Description: None
- Total Floors in Building: 1
- Construction: Stucco
- Dryer: 1
- Cooling System: None
- Power On or Off: Traditional
- County: Los Angeles
- Area: C14 - Santa Monica
- Security: Resident Manager
Directions: SOUTH OF OCEAN PARK BLVD., EAST OF LINCOLN BLVD.
Listing courtesy of Redwood Realty
Based on information from California Regional Multiple Listing Service, Inc. 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.
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