2601 Arizona Avenue

    Santa Monica, CA 90404
    • $1,975,000
    • STATUS: Active
    • ON SITE: 93 days
    • ID#: SB19168818
    UPDATED: 16 min ago
    $1,975,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,308
      SQFT
    • $597
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    CALL FOR OFFERS!!! HUGE $125,000 PRICE REDUCTION. OFFERS WILL BE DUE ON THURSDAY 9/12/19 by 12:00 PM - TOP 3 OFFERS WILL WALK THROUGH AT A LATER AGREED UPON DATE AND TIME. SELLER IS LOOKING FOR A CASH OFFER WITH A QUICK CLOSE AS HE HAS ALREADY IDENTIFIED AND INVESTED IN HIS EXCHANGE PROPERTY. 2601 Arizona Avenue is a 3,308 SF 5-unit apartment building on a 6,452 SF street-to-alley corner lot. The building is comprised of two (2) one-bedroom/one-bathroom units, one (1) one-bedroom/one-bathroom detached bungalow and two (2) studio units above the garages. There are a total of four (4) garage spaces +GG two (2) single car garages and one (1) two-car garage, as well as an abundance of permitted street parking. Three of the one-bedroom/one-bathroom units will be delivered vacant at COE. Roof was completely replaced in 2018. The vacant units provide an immediate opportunity to renovate them and bring their rents up to market rates. If you are looking for an owner-user, this property provides a multitude of options. 2601 Arizona Avenue presents an exciting opportunity to renovate a property with great bones and turn it into a well producing multifamily investment in a prime neighborhood of Northern Santa Monica.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T21:34:50.66. 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.
    www.naylorproperties.com/homes/96987132

    2601 Arizona Avenue Santa Monica, CA 90404

    • Price: $1,975,000
    • Status: Active
    • Updated: 16 min ago
    • ID#: SB19168818
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,308
    SQFT
    $597
    $/SQFT
    1940
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    CALL FOR OFFERS!!! HUGE $125,000 PRICE REDUCTION. OFFERS WILL BE DUE ON THURSDAY 9/12/19 by 12:00 PM - TOP 3 OFFERS WILL WALK THROUGH AT A LATER AGREED UPON DATE AND TIME. SELLER IS LOOKING FOR A CASH OFFER WITH A QUICK CLOSE AS HE HAS ALREADY IDENTIFIED AND INVESTED IN HIS EXCHANGE PROPERTY. 2601 Arizona Avenue is a 3,308 SF 5-unit apartment building on a 6,452 SF street-to-alley corner lot. The building is comprised of two (2) one-bedroom/one-bathroom units, one (1) one-bedroom/one-bathroom detached bungalow and two (2) studio units above the garages. There are a total of four (4) garage spaces +GG two (2) single car garages and one (1) two-car garage, as well as an abundance of permitted street parking. Three of the one-bedroom/one-bathroom units will be delivered vacant at COE. Roof was completely replaced in 2018. The vacant units provide an immediate opportunity to renovate them and bring their rents up to market rates. If you are looking for an owner-user, this property provides a multitude of options. 2601 Arizona Avenue presents an exciting opportunity to renovate a property with great bones and turn it into a well producing multifamily investment in a prime neighborhood of Northern Santa Monica.
    Exterior Features

    Garage Spaces 4.00 Lot Features 0-1 Unit/Acre Lot Size Units Square Feet Parking Features AssignedGarageGarage Faces FrontGarage Faces SideGarage - Single DoorGarage - Two DoorOn Site Parking Total 5.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area 400 Average Studio Area Units Square Feet Average1 Bed Area 850 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Individual Room Levels OneTwo

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Garage Income 1200.00 Garage Rental Rate 300.00 Gross Income 0.00 Gross Scheduled Income 0.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 0.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 0.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 21672.00 Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records Zoning Smr2*

    Listing provided courtesy of Albert Corey Rasmussen of Lyon Stahl Investment Real Estate, Inc. and Nico Rosmarin of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T21:34:50.66. 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.
     
    Naylor Properties | RE/MAX Estate Properties
    63 Malaga Cove Plaza
    Palos Verdes Estates CA, 90274