928 LINCOLN Boulevard Santa Monica, CA 90403
Imagine the best of beach-chic, Montana Ave-adjacent home ownership with the upside of future investment potential and monthly rental income to offset your mortgage! Why buy a condo when you can own a DUPLEX with a large, beautiful backyard? This grand property offers one full unit upstairs and one full unit downstairs, each one has a large living area, formal dining, an eclectic and charming kitchen, two big bedrooms, two baths and both office and laundry areas. Perfect to live in one unit and lease the other; with market rents estimated between $5, 200 to $6, 000 per month - the future promise of this property apparent! Projected revenues support an estimated 3.21% cap rate for investors who want to own in Santa Monica with the option to develop! There is also a detached, bonus creative studio / work space, too! Ocean Ave., Third Street Promenade and top-rated Roosevelt Elementary are only minutes away!
- Price per Sqft: $964
- Year Built: 1926
- Lot Size: 7,478 SqFt
- Parking Type: Other
- Interior: Open Floor Plan
- Other Appliances: Refrigerator, Tankless Water Heater
- Fireplace: 1, Decorative
- Flooring: Carpet, Wood
- Pool Description: None
- Lot Features: Park Nearby, Back Yard, Front Yard, Walkstreet, Yard, Near Public Transit, Landscaped, Lawn
- Building Levels Description: Two
- House Faces/Primary View: North
- Construction: Wood Siding
- Dryer: 1
- Gas: 1
- Power On or Off: Traditional
- County: Los Angeles
- Area: C14 - Santa Monica
Directions: From I-10 take Lincoln toward Santa Monica
Listing courtesy of Redfin
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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