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Mr. Jackson

New Listing – 4 Units For Sale in Santa Monica

New Listing – 4 Units For Sale in Santa Monica

Austin Zahn is pleased to present 648 Hill St, a 4-unit property for sale in Santa Monica!

Listed at $2,350,000 this building built in 1956, has a cap rate of 2.40% and an NOI of $56,338.

Absolutely charming California bungalow with three rental units behind in the sought after Ocean Park neighborhood of Santa Monica. Ideally located on a quiet tree-lined street, this premier property located West of Lincoln is walking distance to beaches, restaurants, and shopping. Front house is two bedroom/one bath, and each rear unit is a one bedroom/one bath. Well maintained by long time owner.

Very easy access to the 10 freeway for commuters and walking distance to the elementary school. This charming property would be ideal for an owner/occupant but is also a fantastic investment opportunity with vacancies being filled almost immediately! Property is under Santa Monica Rent Control and will not be delivered vacant.

City Overview:
Santa Monica is a beachfront city in western Los Angeles County, California, United States Santa Monica is home to many Hollywood celebrities and executives and is a mixture of affluent single-family neighborhoods, renters, surfers, professionals, and students.

Partly because of its agreeable climate, Santa Monica had become a famed resort town by the early 20th century. The city has experienced a boom since the late 1980s through the revitalization of its downtown core and significant job growth and increased tourism.

A number of game development studios are based in Santa Monica, making it a major location for the industry. These include Activision Blizzard, Cloud Imperium Games (Creators of Star Citizen) and Riot Games, the creators of League of Legends.

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