2117 Stewart St - Apartments FOR SALE


Santa Monica, CA 90404- Pico
$1,965,000 USD
310-567-3553
2117 Stewart St, Santa Monica, CA for Sale
$1,965,000 USD
Apartments - FOR SALE
1/52
null | 3.06% Cap Rate

2117 Stewart St
Santa Monica, CA 90404
Pico


HIGHLIGHTS

  • Garage can be turned into ADU
  • Less than 3 miles from the beach
  • We can provide 2 units vacant to remodel and increase the rent
  • Detached 4-car garage with one gated additional parking space
  • The owner is occupying two garages that could be rented

OVERVIEW

Whether you're looking for your next savvy investment or want to make the most out of your purchase, don't pass up this incredible opportunity inSanta Monica! Situated with easy access to major freeways, the property is just half a mile from Virginia Ave Park and a quick three-mile trip to theiconic Santa Monica Pier. This prime location combines the charm of a quiet neighborhood with the convenience of proximity to the city's vibrantlifestyle offerings. Along a tree-lined street in a prime location, this excellent property features (4) units, each separately metered for gas andelectric. Discover (3) units, 1-bedroom, 1-bath layouts on the main level and (1) large unit, 2-bedroom, 1-bath upstairs. The optimal design allowsyou to secure a quadruple income or live in one while renting the others. Find extensive updates across 3 units, including freshly painted walls, newly installed flooring, stainless steel appliances, and revamped fixtures. You'll also have remodeled baths, along with access to private patiosoverlooking the lush landscaping and mature fruit trees. Convenience is yours with in-unit laundry hookups available. Plus, the 5,600 sq ft propertyaccommodates 4-car garages, an additional 1 parking space, and off-street parking for an additional vehicle. With SMR2 zoning on a triple cornerlot, you'll have plenty of room for expansion or redevelopment options. As a premium bonus, two-car garages occupied by the owner can be addedto the units' income, along with potential income from an ADU or from renting the additional garages. Limitless possibilities await you in this raregem that surely won't last long. So, what are you waiting for?

FOR SALE DETAILS

PRICE

$1,965,000 USD

PRICE/SF

$772 USD /SF

# OF UNITS

4

PRICE/UNIT

$491,250

CAP RATE

3.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

SMR2*

APN/PARCEL ID

4274-031-014

ASK ABOUT THIS PROPERTY

Ramsey OliverasEstate Properties, IntlMore Info
310-567-3553

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Ramsey OliverasEstate Properties, IntlMore Info
310-567-3553

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.