1117 MICHIGAN AVE, Santa Monica, CA 90404 - For Sale
A DEVELOPER'S DREAM ON THE WESTSIDE--SANTA MONICA. OR VALUE ADD OPPORTUNITY WITH CAPITAL IMPROVEMNTS TO MAXIMIZE RENTS.WE ARE PLEASED TO PRESENT THIS (7) UNIT PROPERTY CONSISTING OF 3 STRUCTURES, A QUADRUPLEX, A DUPLEX, AND A SEPERATE UNIT ATTACHED TO THE GARAGES. (TWO LOTS BUT ONE APN) A MIX OF FOUR (4)TWO BEDROOM, ONE BATH UNITS AND THREE (3) ONE BEDROOM,ONE BATH UNITS. THIS PROPERTY SITS ON A 16,492 SF LOT, ZONED R2. MANY LONG-TERM TENANTS, NO VACANCIES; TWO UNITS OWNER OCCUPIED WITH NO REVENUE GENERATED, BUT WILL BE DELIVERED VACANT AT COE. PROPERTY HAS NOT BEEN ON THE MARKET IN 50 YEARS.AN OPPORTUNITY MINUTES AWAY FROM SHOPPING, TRANSPORTATION, AND BEACH. BUYER TO COOPERATE WITH SELLER IN A 1031 TAX EXCHANGE AT NO ADDITIONAL COST TO BUYER.
1117 MICHIGAN AVE - listing #1252475
- Type: Single Family
- Price: $2,349,999
- MLS#: 13-712353
- Letest update: 01/29/14
- Bedrooms: 11
- Bathrooms: 7
- Area Size (SF): 5,136
Status: For Sale
Added: 2013-11-22 Updated: 2014-01-29
Santa Monica, CA 90404 US
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Useful information about Santa Monica, CA 90404 location:
The population of this area is about 19,956. The Average count of Households in this area is 9,740. Black population is about 1,730, White Population is about 12,573, Hispanic Population is about 5,564, Asian Population is about 1,589, Hawaiian Population is about 24, Indian Population is about 161, Other Population is about 2,797. Average Houses in this area is 317,400. Average Income per Household is $39,821. Median Age of population is 36.4 years.
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