650 Pacific Street #4
Santa Monica, CA
Bed 2 Bath 2.5 Price $1,495,000
Open Houses: May 28, 2022, May 29, 2022, May 31, 2022View Listing
A RARE INCOME OPPORTUNITY @ 4.4% PROJECTED CAP IN THE HEART OF SANTA MONICA! COMPLETELY RENOVATED BUILDING – this exceptional property, offers you tons of flexibility – bring new tenants at market rent, or live in one of the units and rent the others for passive income! This remodeled building has tastefully been updated and fully permitted! Blending warm functional design with a modern flair.
About this property:
Located on a tree-lined street this property offers a great unit mix consisting of, (2) 2 Bdrm/1 Bath units plus a den that can function as a 3rd Bedroom, (3) 2 Bdrm/1 Bath units, and (1) existing 2 Bdrm/1 Bath unit that is currently the only unit rented. All 4 of the vacant units have been freshly updated with new AC split systems, double-paned windows, new electrical systems, vinyl flooring, and an abundance of natural light flowing throughout the spacious living areas. In addition, enjoy new recess lights, chic wallpaper, and new bathrooms with designer tiles. The kitchens feature brand-new stainless-steel appliances, two-toned, modern, glossy cabinets, and quartz countertops. A communal courtyard space is ideal for gathering or soaking up the sun outdoors. There is a surplus of parking, with 4 carport spaces and two 1 car private garages. The property also offers on-site laundry for all the tenants.
Each unit has its own personality, is turnkey, and in a well-desired location – you will love them all!
With easy access to everything, this location is everything! Seconds away from SMC, enjoy the park-like campus to relax or play. Only 1/2 mile to the beach, a short walk to the Expo Line, libraries, parks, the Farmers Market, 365 Wholefoods, and minutes to restaurants and shops on Ocean Park. **4 of the 6 units are being marketed for lease by Sellers**