LP.com

5,296-SF Building on 6,617-SF Corner Lot | Highly Desirable Unit Mix of (Five) 2-Bedroom/1-Bathroom Units & (Two) Studio/1-Bathroom Units | One of the 2-Bedroom Units is a Spacious Townhouse Unit | 4.19% Current Cap Rate, 16 Current GRM & $417,857 Price Per Unit | Retrofit Completed Within the Last 2 Years | Foundation Work Tie Down Completed in 2023 | New Concrete Driveway & Total of 8 Parking Spaces | Outstanding Santa Monica Location - Just East of Lincoln Boulevard | Less Than One Mile from Santa Monica Beach, Main Street & the Pacific Ocean | Close Proximity to Venice Boardwalk, 3rd Street Promenade, Santa Monica Pier, Venice Beach, Downtown Santa Monica, Santa Monica College, Penmar Gold Course & Hotel Casa del Mar | Santa Monica Employment Hub - Home to Prominent Entertainment & Technology Companies