914 7th Street, Santa Monica, CA 90403

$6,495,000
16
BD
14
BA
9,276
SqFt
List Price
$6,495,000
Status
Active
MLS#
19450248
Year Built
1959
Bedrooms
16
Bathrooms
14
Living Sq. Ft
9,276
Lot Size
7,518
Days on Market
50
Property Type
Multifamily

Property Description

Own a prime investment 5 minutes from the beach? Sounds too good to be true! We are excited to present 914 7th Street! A charming property with peak income potential! This 12 unit building rests in one of the most stunning areas of the Southern California Coastline & boasts some of the highest walk, bike, and transit scores in the city, along with major access points within walking distance, including the 3rd Street Promenade, Santa Monica Pier, and the stores of Wilshire Boulevard & Montana Ave. A prime investment opportunity, this building also has an incredibly attractive pro forma cap rate, showing major upside in rents and will be delivered with 8 units vacant & ready for renovation, allowing any prospective owner to capitalize massively on the rising rental market. Additionally, Owner/Users can fully renovate & live in their dream home in a highly desirable area, while their tenants help pay the mortgage!

Additional Information

Heat
Wall Heater, Other
Cooling
Air Conditioning
View
Parking
Garage, Tandem, Other

Mortgage Calculator

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Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Realty Investment Advisors, Inc., Don Favia - CA DRE#01841258

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