Property Detail

Description

Owner-user income-property alternative to condominium ownership. This four-unit Santa Monica property includes a tenant-occupied front 3-bedroom townhouse and a vacant upper-level 3-bedroom residence - an uncommon opportunity for immediate owner occupancy with rental income from the balance of the property. At approximately $478/SF for the building, buyers should compare the total ownership economics with nearby condominium options, including usable space, rental income, operating costs, financing, and applicable rent regulations. Enjoy a central location approximately one-half block from Trader Joe's, Whole Foods, New York Bagel, O'Brien's Irish Pub, and everyday neighborhood conveniences. Buyer to independently verify all information, rents, expenses, square footage, zoning, permits, condition, financing availability, and tax implications.