$9,000,000
$10,995,000 18.1%
Est. payment /mo
35 Beds
37 Baths
20,896 SqFt
UPDATED:
Key Details
Sold Price $9,000,000
Property Type Residential Income
Listing Status Sold
Purchase Type For Sale
Square Footage 20,896 sqft
Price per Sqft $430
MLS Listing ID 24438047
Bedrooms 35
Year Built 1964
Lot Size 0.345 Acres
Property Description
This prime Santa Monica property, located on 5th Street just off of Montana Avenue, is a 24-unit apartment complex. The property features a desirable unit mix, including 2 singles, 10 one-bedroom/one-bath units, 11 two-bedroom/two-bath units, and a spacious three-bedroom/three-bath unit. Residents will enjoy spacious open floor plans, ample parking with over 30 spaces, and convenient amenities like laundry rooms on each floor, a refreshing pool, all copper plumbing and new solar panels. The property's elevator provides easy access to all three floors. Walk and bike everywhere. This prime location, just five blocks from the beach, is walking distance to Montana Avenue with easy access to a variety of restaurants, shops, and entertainment options. Additionally, the property is situated within the highly sought-after Santa Monica School District and is conveniently located near neighboring West Los Angeles communities, including Brentwood, Pacific Palisades, Venice Beach, and Marina del Rey. This well-established property has been built, owned and operated by the same family for decades. Roof and elevator are older. PLEASE DO NOT DISTURB TENANTS.
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Heating Natural Gas
Cooling None
Exterior
Parking Features Door-Multi, Door-Single, Garage, Community Structure
Garage Spaces 7.0
Garage Description 7.0
Building
Story 3
New Construction No
Others
Special Listing Condition Standard
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Listed by Francyne Lambert Lambert Investments, Inc.
Bought with Francyne Lambert Lambert Investments, Inc.
Bought with Francyne Lambert Lambert Investments, Inc.