Motivated Seller just reduced from $2,350,000 to $2,175,000 CAP RATE NOW is 5% Prime Santa Monica blocks from the beach...Charming Immaculate Pride of ownership 4 plex first time on market in 23 years. 2 / 2 Bed 1 bath & 2 / 1bed 1 bath. Buildings have been maintained with consistant attention to detail throughout… the years...Including recent termite tenting 1/2023, sewer mainline connection, Copper re-pipe & Gas repipe. Includes a laundry room with seller owned new coin machines with annual income of approx. $2400. Great tenants...5 garages with one vacant/owner...potential to add second garage to make ADU..very easy management. Bread & Butter building with very low maintenance. 5 garages....1 garage come vacant w/estimated income of $400 which would change CAP RATE to 5.22
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