839 Grant Street Santa Monica, CA 90405
Motivated Seller just reduced from $2,350,000 to $2,175,000 CAP RATE NOW is 5% Prime Santa Monica blocks from the beach...Charming Immaculate Pride of ownership 4 plex first time on market in 23 years. 2 / 2 Bed 1 bath & 2 / 1bed 1 bath. Buildings have been maintained with consistant attention to detail throughout the years...Including recent termite tenting 1/2023, sewer mainline connection, Copper re-pipe & Gas repipe. Includes a laundry room with seller owned new coin machines with annual income of approx. $2400. Great tenants...5 garages with one vacant/owner...potential to add second garage to make ADU..very easy management. Bread & Butter building with very low maintenance. 5 garages....1 garage come vacant w/estimated income of $400 which would change CAP RATE to 5.22
property details
Interior Features
Exterior Features
Utility & Building Info
Wall Furnace
2 Story
Price History
date | event | price | source |
---|---|---|---|
08/23/2024
08/23/2024
|
Active |
$2,175,000
|
CA Regional MLS (CRMLS) |
07/22/2024
07/22/2024
|
Active |
$2,199,000
|
CA Regional MLS (CRMLS) |
07/08/2024
07/08/2024
|
Active |
$2,275,000
|
CA Regional MLS (CRMLS) |
06/18/2024
06/18/2024
|
Active |
$2,395,000
|
CA Regional MLS (CRMLS) |
Market Trends
Source: Constellation1