available oct 10
license info: Conrado “Roddy” de la Garza, Broker Associate, REDFIN, CalBRE ##01995374
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Imagine the best of beach-chic, Montana Ave-adjacent home ownership with the upside of future investment potential and monthly rental income to offset your mortgage! Why buy a condo when you can own a DUPLEX with a large, beautiful backyard? This grand property offers one full unit upstairs and one full unit downstairs, each one has a large living area, formal dining, an eclectic and charming kitchen, two big bedrooms, two baths and both office and laundry areas. Perfect to live in one unit and lease the other; with market rents estimated between $5,200 to $6,000 per month – the future promise of this property apparent! Projected revenues support an estimated 3.21% cap rate for investors who want to own in Santa Monica with the option to develop! There is also a detached, bonus creative studio / work space, too! Ocean Ave. , Third Street Promenade and top-rated Roosevelt Elementary are only minutes away!
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