839 Grant Street, Santa Monica, CA 90405
Property
Sold October 2024
Listing Agent: Ronald Goldhammer (DRE #01173657) · Listing Office: Berkshire Hathaway HomeServices California Properties · Contact: 310-777-7800 · Bought with: Mei-Mei Liu · Berkshire Hathaway Home Servic · MLS #24405217 · Source: CRMLS
About this property
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
Listing description from the October 2024 sale, as reported to CRMLS.
Sale history