Description
This classic 1924 courtyard style property is located on 9th and Wilshire, a PRIME area of SantaMonica. Residents can easily walk, bike, or take a Bird around town. Just 9 blocks from thebeach, 6 blocks from Third Street Promenade, and steps away from local restaurants, shops andentertainment. Tech giants, such as, Google, Amazon, Yahoo!, YouTube, Facebook, BuzzFeedand so many more have made, or are in the process of making a home for themselves in andaround Santa Monica. These major technology companies, as well as, over 500 tech startupcompanies, has made Santa Monica and west LA known as +G+Silicon Beach,+G- in comparison toSilicon Valley.The seismic soft floor retrofitting was completed on the back unit in the 90+GGs. The building is invery good condition. This is an investor+GGs dream in that the investor can purchase and hold itas is; OR they have enormous potential to add value to the property. Current annual income is$193,557.00. Pro-Forma without any rehab is $264,300.00. Pro-Forma with a complete rehab,could be over $350,000.00, depending on type of construction. This property also has the potential for condo conversion.
-
0BEDS
-
0.17ACRES
-
0BATHS
-
01/2 BATHS
-
3,600SQFT
-
$1,028$/SQFT
School Ratings & Info
Description
This classic 1924 courtyard style property is located on 9th and Wilshire, a PRIME area of SantaMonica. Residents can easily walk, bike, or take a Bird around town. Just 9 blocks from thebeach, 6 blocks from Third Street Promenade, and steps away from local restaurants, shops andentertainment. Tech giants, such as, Google, Amazon, Yahoo!, YouTube, Facebook, BuzzFeedand so many more have made, or are in the process of making a home for themselves in andaround Santa Monica. These major technology companies, as well as, over 500 tech startupcompanies, has made Santa Monica and west LA known as +G+Silicon Beach,+G- in comparison toSilicon Valley.The seismic soft floor retrofitting was completed on the back unit in the 90+GGs. The building is invery good condition. This is an investor+GGs dream in that the investor can purchase and hold itas is; OR they have enormous potential to add value to the property. Current annual income is$193,557.00. Pro-Forma without any rehab is $264,300.00. Pro-Forma with a complete rehab,could be over $350,000.00, depending on type of construction. This property also has the potential for condo conversion.
Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-19T10:34:52.37. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Naylor Properties | RE/MAX Estate Properties. Licensed in the State of California, USA.