1231 25TH ST Santa Monica LA

271 North Canon Drive Beverly Hills, CA 90210
Courtesy of Marcus & Millichap
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Location

1231 25TH ST
Santa Monica CA 90404

Property

Ownership: For Sale
Bedrooms: 9 BR
Bathrooms: 7
Pets: Pets Unknown
Area: 9297 sq ft
Lot Size: 9297 sq ft

Financials

Price: $4,300,000

Description

We are pleased to offer for sale a six-unit apartment community located at 1231 25th Street. The subject property is located just north of Santa Monica Blvd within the city of Santa Monica on a quiet desirable street.The property consists of four one-bedroom units, one two-bedroom unit, and one three-bedroom unit. There is a gorgeous communal courtyard on the lot that has been extremely well maintained offering tenants a picnic area and open space that is rarely found in Santa Monica. Moreover, the subject property is located on an over-sized 9,300 square foot parcel, while all neighboring parcels on the block average 5,300 square feet. Due to its 1956 construction, the property is subject to Santa Monica rent control statutes. The property is located in one of the most desirable and affluent submarkets in Los Angeles and represents an excellent buying opportunity for an investor to acquire a well-maintained asset with remaining upside potential in rental income.

Neighborhood

More listings: Santa Monica

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