2200 23rd St, Santa Monica, CA 90405

2200 23rd St, Santa Monica, CA 90405

Santa Monica, CA

Property Description

Value-add 4plex in Santa Monica offered at only $350k/unit! 2200 23rd St is the perfect opportunity for any value-add investor looking for one of the lowest price/unit 4plex in all of Santa Monica. Once the property is fully stabilized, it will operate at a 6.65% CAP and 11.40 GRM 2200 23rd St is comprised of (4) 1Bed+1Bath units. Each unit features a garage parking spot, as well as a spot for another parking space in front for a total of 8 parking spaces. The subject property is located only minutes away from Third Street Promenade, Santa Monica Airport, Miramar Hotel, and many more developments. With an A+ location and a walk score of 77 (Very Walkable), 2200 23rd St is an ideal spot for any tenant!

Property Features

  • Sale Price: $1,450,000
  • Area Size: 2,014 Sq. Ft.
  • Land Area: 6,077 Sq. Ft.
  • Year Built: 1938
  • Listing Date: 1/23/2024
  • Closing Date: 3/10/2024
  • Units: 4