638 GRANT Street Santa Monica, CA 90405
Live Auction! Bidding to start $1, 388, 000.00 traditional non-bank owned property. We are pleased to exclusively represent for sale, The Grant Garden, an excellent opportunity to acquire an 8-unit (out of 8 units, 4 studio units are non-conforming) apartment building in one of the best highly south rental locations in prime Santa Monica nestled in Ocean Park neighborhood. The property consists of four (4) One Bedroom/One Bathroom units & four (4) studio units. The property's 3, 740 rentable square feet is situated on a 5, 897 square foot lot. Two of the one bedroom units will be delivered vacant. An astute investor will benefit immediate cash flow, with the opportunity to capitalize significantly on higher market rents and to acquire a well maintained & low maintenance property in one of the most prime locations on the Westside of Los Angeles. Located in the high-demand rental market of Santa Monica, walking distance to the beach, Santa Monica High school and all major shopping & dining.
- Price per Sqft: $371
- Year Built: 1957
- Lot Size: 5,897 SqFt
- Parking Type: Assigned
- Other Appliances: Garbage Disposal, Refrigerator
- Cooling System: See Remarks
- Gas: 1
- County: Los Angeles
- Area: C14 - Santa Monica
- Cap Rate: 13
Directions: West of Lincoln and East of Main. South of Pico and North of Ocean Park.
Listing courtesy of Coldwell Banker Residential Br
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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