928 Lincoln Boulevard

    Santa Monica, CA 90403
    • $2,795,000
    • STATUS: Active
    • ON SITE: 112 days
    • ID#: 18327278
    UPDATED: 88 min ago
    $2,795,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,737
      SQFT
    • $1,021
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:

    School Ratings & Info

    Description

    Excellent income property opportunity in the heart of Santa Monica! A bright and charming duplex with two, 2 bedroom + 2 bath units. Both units feature large living rooms with decorative fireplaces, plenty of natural light and master bedrooms. This two-story duplex could easily be converted into a single-family home. All bedrooms are very spacious! Private laundry areas for each unit. The building can be delivered vacant at the close of escrow. Detached garage has been converted to a studio and is perfect for working from home or a guest space. Large backyard has been turned into a private garden paradise. Nicely located near Montana Avenue, the 3rd Street Promenade, restaurants, shopping, and more. Excellent value for either owner-user or developer/investor. Roosevelt School District.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-19T00:30:22.153. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/82095411

    928 Lincoln Boulevard Santa Monica, CA 90403

    • Price: $2,795,000
    • Status: Active
    • Updated: 88 min ago
    • ID#: 18327278
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,737
    SQFT
    $1,021
    $/SQFT
    1926
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Excellent income property opportunity in the heart of Santa Monica! A bright and charming duplex with two, 2 bedroom + 2 bath units. Both units feature large living rooms with decorative fireplaces, plenty of natural light and master bedrooms. This two-story duplex could easily be converted into a single-family home. All bedrooms are very spacious! Private laundry areas for each unit. The building can be delivered vacant at the close of escrow. Detached garage has been converted to a studio and is perfect for working from home or a guest space. Large backyard has been turned into a private garden paradise. Nicely located near Montana Avenue, the 3rd Street Promenade, restaurants, shopping, and more. Excellent value for either owner-user or developer/investor. Roosevelt School District.
    Exterior Features

    Architectural Style Spanish Construction Materials Stucco Lot Size Source Assessor Lot Size Units Square Feet Parking Features Other Parking YN Yes Pool Features None Pool Private YN No

    Interior Features

    Appliances RefrigeratorDishwasher Appliances YN Yes Flooring CarpetWood Laundry Features Washer IncludedDryer Included

    Property Features

    Cap Rate 3.21 Gross Multiplier 25.90 Gross Operating Income 135000.00 Laundry YN Yes Net Operating Income 112397.00 Special Listing Conditions Standard Total Expenses 22603.00 Zoning Smr2*

    Listing provided courtesy of John Hathorn of Pacific Union International.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-19T00:30:22.153. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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