654 Ozone St, Santa Monica, CA 90405

654 Ozone St, Santa Monica, CA 90405

Santa Monica, CA

Property Description

654 Ozone Street, 5 units offered at an in place 4.68% cap, fully renovated with high end finishings throughout. The quality of construction and being located right off of Rose Ave make this deal a sure fire option to demand top of the market rents for a long time to come! OFFERING ALSO INCLUDES City of Santa Monica, approved building plans to converted 3 garage spaces into a 600sqft ADU, increasing monthly income $3,000!! Improvements include, but are not limited to, new roof, new landscaping with drip irrigation, new windows, new electrical and interior and exterior lighting, new central HVAC with individual Nest thermostats, high end tile, flooring and finishes and new perimeter fencing allowing for very unique front and back yards! This is a perfect deal for anyone who loves stable in place cash-flow with lots of room to grow!

Property Features

  • Sale Price: $3,350,000
  • Area Size: 2734 SF
  • Land Area: 7271 SF
  • Year Built: 1952
  • Listing Date: 3/20/20
  • Closing Date: 2/18/2021
  • Units: 5
  • Price Per Unit: $680,000
  • Current NOI: $159,199

Lyon Stahl Investment Real Estate

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