$1,450,000
- UNITS
- 4 Units
- BUILDING
- 2,014 Sq. Ft.
- LOT
- 6,077 Sq. Ft.
- YEAR BUILT
- 1938
- STATUS
- Sold
- CLOSED
- 3/10/2024
Value-add 4plex in Santa Monica offered at only $350k/unit! 2200 23rd St is the perfect opportunity for any value-add investor looking for one of the lowest price/unit 4plex in all of Santa Monica. Once the property is fully stabilized, it will operate at a 6.65% CAP and 11.40 GRM 2200 23rd St is comprised of (4) 1Bed+1Bath units. Each unit features a garage parking spot, as well as a spot for another parking space in front for a total of 8 parking spaces. The subject property is located only minutes away from Third Street Promenade, Santa Monica Airport, Miramar Hotel, and many more developments. With an A+ location and a walk score of 77 (Very Walkable), 2200 23rd St is an ideal spot for any tenant!
For confidential offering details — including pro forma, in-place rents, current expenses, financing assumptions, and tour scheduling — request the full package below. Most of our transactions are handled discreetly between qualified parties.
