Armin Soleimani
This listing was posted on RealtyWW.
$4,995,000
Home For Sale In Santa Monica, California
Price:
$4,995,000
BR/BA:
10+ BR, 10+ BA
Location:
2626 Cloverfield Blvd, Santa Monica, CA
Description:
Huge 650k Price Reduction! 12 Unit building with 10 fully renovated units in Prime Santa Monica cash flowing at an incredible Current Cap Rate of 5.8% and 12.6 GRM from day 1! Priced at only 416k/door for renovated units with an amazing upside to 6.7% Cap Rate and 11.2 GRM on the proforma. Delivered with 10 fully renovated units with permits including 8 remodeled units plus 2 brand-new attached ADUs. These units have been completely renovated with permits (2 vacant) and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. Notably, there are preliminary plans for 2 additional detached ADUs over the open parking lot in the back that offer exceptional future upside potential. The property is located in the heart of Santa Monica just minutes away from the Beach and within close proximity to Santa Monica Business Park as well as hip neighborhood attractions, restaurants, bars, and shops such as Layla Bagels, Local Kitchen and Wine Bar, Estate Coffee, and many more popping up all around the area.For more details: https://realtyww.info/homes_santa-monica-d526236/for-sale_i71928838
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More About this Listing: Home For Sale In Santa Monica, California
Home For Sale In Santa Monica, California is a 10+ BR 10 Bathroom, 10+ BA, 12 Bathroom Single-Family Homes for Sale at 2626 Cloverfield Blvd in Santa Monica CA. Find other listings like Home For Sale In Santa Monica, California and listings near 2626 Cloverfield Blvd by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 12 Bathroom Single-Family Homes for Sale in Santa Monica CA.
Home For Sale In Santa Monica, California is a 10+ BR 10 Bathroom, 10+ BA, 12 Bathroom Single-Family Homes for Sale at 2626 Cloverfield Blvd in Santa Monica CA. Find other listings like Home For Sale In Santa Monica, California and listings near 2626 Cloverfield Blvd by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 12 Bathroom Single-Family Homes for Sale in Santa Monica CA.