2620 11TH ST

Estimated Monthly Payment: $25,993/mo 2620 11TH ST, Santa Monica, CA 90405 MLS# 17261372 Residential Income Listing Status: Active Under Contract
16
16
8,084 sqft
100
0
0
0

REMARKS:

Charming Spanish Style Courtyard Building in PRIME OCEAN PARK. 2 Buildings with private patio areas tucked away behind tall hedges. First time on the market in 40 years. SELLERS WILL CONSIDER CARRYING 1ST TD AND NOTE WITH 50% DOWN, 5% INTEREST ONLY OR MORE PER MONTH FOR 8-10 YEARS. 16 (1+1) units, 11 garages, 5 parking spaces, and 5 storage lockers - all rented. (Rent for parking spaces and storage lockers could be higher because one locker and one parking space is currently being used by the owner and on-site manager. Only a few historically low rents. Tremendous potential for income growth! Buyer to cooperate with Sellers' 1031 tax deferred exchange. Unit Type: "Unit 4" actual and scheduled rental income of $450 / $550 includes 5 storage lockers and laundry room income.

OVERVIEW:

17-261372:CLAW
Residential Income
Active Under Contract
Santa Monica
Traditional
1947
8084
Stucco
Rolled/Hot Mop
Assigned, Garage - Single Door, Parking Space
16
Wall Gas
Wall Gas
None

FEATURES:

Resident Manager
Hardwood, Sheet Vinyl
Other
No View

ROOM INFO:

16
16
16
Community

ROOM SIZES:

Laundry Room
Community

FINANCIAL:

$5,700,000
$314,772

Broker Reciprocity Courtesy of Gwen Tanguay - Redwood Realty

 

 

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CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). 

 

Data last updated: 11/22/2017