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$4,495,000
Est. payment /mo
16 Beds
14 Baths
9,420 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,420 sqft
Price per Sqft $477
MLS Listing ID 26106596
Bedrooms 16
HOA Y/N No
Year Built 1959
Lot Size 7,453 Sqft
Property Description
We are proud to present a prime 12-unit multifamily investment opportunity at 918 7th Street, ideally located in one of Santa Monica's most desirable neighborhoods, north of Wilshire Blvd. and just one block south of Montana Ave. The property features an excellent unit mix, significant capital improvements, and rental upside, with convenient walking distance to Montana Avenue's shops, restaurants, and cafes, as well as Palisades Park. Built in 1959, the building consists of (8) one-bedroom and (4) two-bedroom units and has benefited from a completed seismic retrofit, newer windows, and several renovated units. Interior features include recessed lighting, wood flooring, and dishwashers, complemented by private balconies and patios. The rear upstairs unit also offers an outdoor rooftop deck, and each unit has room to accommodate an in-unit washer and dryer. Parking includes four tandem spaces in front and additional covered parking off the rear alley. The neighboring property added two ADUs in its front parking area while retaining parking, suggesting the potential to pursue a similar configuration here. This potential, combined with rental upside and the opportunity to add in-unit laundry, offers several avenues for additional income and long-term value. An assumable loan is available at 5.97% with interest-only payments for three years. Contact the listing agents for additional information regarding the loan assumption.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Garage, Tandem
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4292007005
Special Listing Condition Standard
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Listed by Dominick Faraone Miller & Desatnik Realty Co. #01925895
Nearby Locations
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