$ 4,495,000
-
$4,495,000
Price -
16
Bed -
14
Bath -
9,420
SqFt -
0.17
Acre
NEW! Buy and sell safely with virtual options - Learn More
About the Listing L02710 - C114014
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.
Listing Highlights for 918 7th St
Interior Details
- Bedrooms: 16
- Bathrooms: 14 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating: Wall
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: SMR2*
- Roof:
- Others:
- Sewer:
- Parking Features: Tandem
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
918 7th St Santa Monica, CA 90403
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
