Address
638 Grant Street Santa Monica, CA
Price
$ 3,100,000
Property Attributes
  • MLS#SR21045492
  • TypeIncome
  • CountyLOS ANGELES
  • CitySanta Monica
  • AreaSanta Monica
  • Zip90405
  • Style
  • Price$ 3,100,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Lot Size5,897 SqFt
Listing Provided Courtesy Of:
Raymond Rodriguez with Keller Williams Realty Calabasas.
Data Source:
CRMLS
Property Description

Playa Apartments is a value-add multifamily investment opportunity located in the desirable beachside community of Santa Monica. This asset presents an ideal income property for an investor in search of acquiring a well-positioned property with the potential of adding value through capital improvements and increasing rents over time. This charming apartment building is comprised of 8 units in one two-story building that was constructed in 1957. There are (5) parking spaces at the rear of the property and an on-site laundry room. This well-located building totals 3,740± square feet and is constructed of wood frame with pitched roof and painted stucco exterior. Lot size is 5,897 ± square feet and zoning is SMOP2*. The unit mix is comprised of (4) 1 bedroom + 1 bath units and (4) single + 1 bath units. Select units have recently undergone substantial renovation. Currently the property is being operated as a master metered building, though individual meters have been installed at the building, they have yet to be connected. 638 Grant Street is located in Santa Monica, California. Santa Monica is one of the most desirable beach community locations in Southern California and Los Angeles. Located on the 600 block of Grant Street, the property is situated a few blocks from the beach, between Lincoln Blvd & 6th St., just south of Pico Blvd.

Price History
3/4/2021 Listed $3,100,000

General Features

Community Features Biking, Dog Park, Hiking, Water Sports
Cooling Wall/Window Unit(s)
Listing Agent Raymond Rodriguez - BRE#01402283
Listing Agent State License 01402283
MLS Area C14 - Santa Monica
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Special Listing Conditions Standard
Status Active
Terms Cash, Cash to New Loan, Conventional, Contract, Submit
Total Units 8
Utilities Electricity Available, See Remarks, Water Available

Interior Features

Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Fireplace Features None
Laundry Features See Remarks

Exterior Features

Lot Features 6-10 Units/Acre
Lot Size Acres 0.14
Lot Size Area 5897
Lot Size Source Assessor
Lot Size Square Feet 5897
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Total Parking 5
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90405

Price
AVG $2.91M
$3.1M
Visits
AVG 9
39
Year Built
AVG 1937
1957
Walkscore
AVG 93
92
Data Provided by Walkscore ® not using MLS data

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