24 bedroom house for sale
$5,125,000 - Santa Monica CA 90403Santa Monica CA 90403
24 bedroom house for sale
- Beds: 24
- Baths: 18
- Price: $5,125,000
- Reference No.: 69133710
- Area: 10,639 sqft
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Overview
With its phenomenal location just south of Montana Avenue, the 12th Street Apartments is a fantastic reposition opportunity. There are currently 4 vacant apartments that can be renovated and rented shortly after closing. With ample parking, an oversized lot, and just 12 short blocks from Inspiration Point and Palisades Park, this property is ripe with options. Please note there is a deed restriction on the existing 11 units with the City of Santa Monica requiring units to be rented to 30% AMI Households. However, Section 8 program tenants qualify and this allows for the units to be rented close to market with the the Section 8 program paying the bulk of their rent. (Buyer to independently verify.) Importantly there is also the potential to add multiple non-rent-restricted ADUs given the garages located both in front and back of the building. The property is currently on the City of Santa Monica soft-story retrofit list and completion of the soft-story retrofit can occur concurrently with the ADU construction. Buyer to verify all of the above with the City of Santa Monica. (Please note the retofit due date was September 2023, per the Citys website.) For more details and to contact: https://realtyww.info/homes_santa-monica-d526236/for-sale_i69133710House Santa Monica
This House for sale is located at Santa Monica CA 90403. The home has 24 Bedroom and 18 Bathrooms. This 24 bedroom House in Santa Monica CA is for sale for $5,125,000 .
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2024-04-04, Viewed 0 times.
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The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-04-04, Viewed 0 times.
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