2302 32nd Street, Santa Monica, CA 90405

About this property

REDUCED! 4 of the 5 units will be delivered vacant! Over a 5.5% CAP when leased up. Rare Santa Monica opportunity just south of Pico Blvd and steps to Trader Joe's. Remodel the existing structures or build and expand. Huge 9,000 sf lot with plenty of room to build new ADU's for a total of 7 units. There are 3 structures on the property: In front is a 3 unit building with a lovely private, front yard . It has (1) 2+1 and (2) 1+1 units. The middle building has 2-stories with (2) 1+1's and a 1-car garage. The rear structure is a detached 2-car garage. All 3 garages will be delivered vacant. There are a total of 7 parking spaces. This is a contractor's dream - rebuild or restore and choose your own market rent tenants!

Listing description from the March 2023 sale, as reported to CRMLS.

Sale history

$2,025,000

Sold March 2023 · listed $2,100,000, orig. $2,350,000, on market October 2022 · MLS #22209915 · Source: CRMLS

Listing Agent: David Schuchman · Listing Office: Roque & Mark Company, Inc. · Contact: 310-828-7525 · Bought with: Sarah Edelman · KW Advisors

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