1844 16th St, Santa Monica, CA 90404
Santa Monica, CA$2,520,000
Property Description
<strong>Investment Highlights: </strong>
• (1) 2-bedroom 2-bath detached front house
• (3) 2-bedroom 1.5-bath townhouse style units
• All units have undergone interior rehabs
• Building has a new roof, new copper plumbing, new windows, tankless water heaters & drought resistant landscaping
• Front unit to be delivered vacant
• Located walking distance to Santa Monica City College
Property Features
- Sale Price: $2,520,000
- Area Size: 3,732 SF
- Land Area: 7,504 SF
- Year Built: 1948
- Closing Date: 12/3/19
- Units: 4
- Current GRM: 16.91
- Current Cap Rate: 4.09%
- Price Per Unit: $687,500
