1824 Michigan Avenue, Santa Monica, CA 90404

$3,000,000
12
BD
8.5
BA
5,160
SqFt
List Price
$3,000,000
Status
Active
MLS#
19496782
Year Built
1922
Bedrooms
12
Bathrooms
8.5
Living Sq. Ft
5,160
Lot Size
16,009
Lot Location
Corner Lot
Days on Market
125
Property Type
Multifamily

Property Description

Prime corner, street-to-alley 16,000+ sq ft lot amazing asset in the City of Santa Monica. Steps to Metro Expo Line. Identified as being in The Michigan Avenue Neighborhood Greenway. Property has an actual income stream for Investor or Owner/Occupied purchaser - with possible potential for development. Improved with 6-unit, garden style apartment building plus a stand-alone 3 bedroom single family home. Rare opportunity to acquire this huge, corner 16,000+ sq ft lot. UNIT MIX: 1 Studio. 1 One Bedroom + 1 Bath (VACANT / 'Unit 3' Above), 4 Two Bedroom + 1 Bath and 1 Single Family Three Bedroom + Two and a Half Bath Home. The 6-unit apartment building is primarily long term tenants, one of whom is Section 8 ('Unit 6' Above) administered by the City of Santa Monica. The (VACANT) Unit is Rent Ready. Rent Roll is as of 09/01/2019. Do not walk on Property. Do not disturb tenants. Drive by only. Inside with Accepted Offer only. Rent above for 'Unit 2' is Projected.

Additional Information

Appliances
Refrigerator
Heat
Wall Gas
Cooling
None
View
Parking
Garage Is Detached, Other
Garage Spaces Total
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Westside Realty Group - Beverly Glen Rea, Steven Foonberg - CA DRE#01232587

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