Description
PLEASE SEE OFFERING MEMORANDUM FOR COMPLETE INFORMATION. Exceptional opportunity to own this asset. Premier Santa Monica Location on Montana Ave. 2 Bedroom/1 Bath Single Family Home plus six 1 Bedroom/1 bath units. 4631sq.ft living area includes the single family home and all 6 units. Has completed Condo Conversion for entire building there are 7 separate APN numbers. All to be vacant, seller will lease back the house & Unit E for up to 6 mos. Converted to Condominiums January 1995 & has the recorded white slip. Great for Investors, owner/users or as a family compound. Add Value & rent out at market rents or sell individual condos. GRM & CAP Rate are projected based on renting units @ current Market Rents & $200 for Laundry . Located in the very desirable Franklin Elementary school neighborhood. Soft Story Retrofit completed, individually metered. 6 covered garages. Close to the Brentwood Country Mart & minutes from the beach. Walk & bike everywhere. Close proximity to the Prime W Los Angeles neighborhoods of Brentwood, Venice Beach & Marina Del Rey. Buyers to submit proof of funds. DO NOT DISTURB OCCUPANTS.
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Listing Agent: Carl Lambert
Listing Office: Lambert Investments, Inc.
Attribution contact: 310-453-9656
