801 26th ST new Save Request In-Person Tour Request Virtual Tour
Santa Monica,CA 90403
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25579851
Year Built 1948
Lot Size 0.337 Acres
Property Description
12-Unit Multifamily Investment Opportunity *Rare multifamily opportunity located on a prime corner double lot on highly sought-after Montana Avenue *Charming bungalow style building on market for the first time in 25 years*On the market for the first time in 25 years, the property is competitively priced at a 4.61% in-place cap rate to be a 7.41% pro forma cap rate *Units feature hardwood floors, dual entrances, dining rooms, and abundant natural lightingselect units offer renovated kitchens and baths, semi-private patios, in-unit washer and dryers, recessed lighting, and upgraded appliances *Community amenities include a private lawn and on-site laundry for non-renovated units, with ample opportunity to enhance the space with fire pits, BBQ areas, and a dog run *Nine garages located on the right side of the property present the opportunity to build (2-3) Accessory Dwelling Units (ADUs) over the existing garages, offering significant upside potential for additional rental income resulting in a 7.98% pro forma cap rate
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Building
Story 2
Others
Special Listing Condition Standard