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1220 24th Street
Santa Monica CA 90404 US

$2,275,000

Active Listing ID 21746814
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2,847 sqft
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Built in 1936
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Lot: 0.12 acre
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Quadruplex

$2,275,000

Active Listing ID 21746814
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1220 24th Street First Time on the Market in 40+ Years! This unique and charming 4-plex offers an investor or owner/user privacy, great income and a fantastic location close to parks, schools, Trader Joes, Whole Foods, great restaurants, coffee houses and entertainment. Located near many tech company headquarters, the building has an ideal unit mix of (2) 2br+1ba Bungalows and (2) 1br+1ba units. It also has a history of very low vacancy due to its under-market rents and unique bungalow-style units. Its high cap rate and low GRM offers an investors stable income in one of the most sought-after rental markets in Southern California. Additional income from 4 garage units leased out at $195/unit. Great rental upside and one 1 bedroom unit will be delivered vacant!

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Property Features

  • Facts
  • Built in: 1936
  • Lot Size: 0.12 acre
  • Property Type: MultiFamily
  • Property Sub-type: Quadruplex
  • Features
  • Roof Type: Unknown
Listing Changed: 6/10/2021 9:37:23 PM GMT
Source Updated Date: 6/17/2021 6:30:11 AM GMT

Courtesy of: Eric Sackler, Coldwell Banker Realty

Listing Source - ListHub

Copyright © 2021 Coldwell Banker. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.