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    618 Pacific Street

    Santa Monica, CA 90405
    • $2,969,001
    • STATUS: Active
    • ON SITE: 60 Days
    • ID#: P1-6353
    $2,969,001
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    JUST REDUCED $29K! Presenting Pacific Apartments, an exceptional 4-plex in Prime Santa Monica, California. 618 Pacific Street is located in upmost desired Ocean Park neighborhood in Santa Monica. The property has been nicely remodeled featuring: private patio (front owner's unit), engineered wood flooring, new kitchen with lustrous quartz stone countertops, stainless-steel appliances, open floorplan to the dining room area with sliding doors, and a large living room. The two full bathrooms are newly remodeled with modern glass shower, dual sinks in the master bedroom. This income property is perfect for an owner/user to occupy the owner's unit and enjoy the rental income from the remaining units, or for an investor to purchase it as an investment property with approx. 44% in rental upside. Furthermore, there's potential to add 1 or 2 ADUs to significantly add value and increase rental income (Buyer to verify).618 Pacific Street has a total building size of +/-3,430 SF, sitting on a +/-5,633 SF lot. The property has a great unit mix of (2) 1 Bed / 1 Bath, (1) 2 Bed / 1.5 Bath, and (1) 2 Bed / 2 Bath owner's unit. There's an onsite laundry room in the back of the property. The rear parking lot offers plenty of parking for 8 - 10 cars. Buyer to verify all information herein. Broker/Agent and Seller does not guarantee its accuracy.The property is conveniently located with easy access to the 10, 1/PCH, 405 freeways, and just blocks from the beach, Santa Monica Pier, Downtown Santa Monica, Herb Katz Dog Park, and Santa Monica High School.Drive by only, please do not disturb tenants. Email listing agent at stevechang@kw.com to request Offering Memorandum with detailed information.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T00:26:01.947. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/120770741
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    618 Pacific Street Santa Monica, CA 90405

    • Price: $2,969,001
    • Status: Active
    • ID#: P1-6353
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1965
    Built
    Neighborhood:
    Other
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    JUST REDUCED $29K! Presenting Pacific Apartments, an exceptional 4-plex in Prime Santa Monica, California. 618 Pacific Street is located in upmost desired Ocean Park neighborhood in Santa Monica. The property has been nicely remodeled featuring: private patio (front owner's unit), engineered wood flooring, new kitchen with lustrous quartz stone countertops, stainless-steel appliances, open floorplan to the dining room area with sliding doors, and a large living room. The two full bathrooms are newly remodeled with modern glass shower, dual sinks in the master bedroom. This income property is perfect for an owner/user to occupy the owner's unit and enjoy the rental income from the remaining units, or for an investor to purchase it as an investment property with approx. 44% in rental upside. Furthermore, there's potential to add 1 or 2 ADUs to significantly add value and increase rental income (Buyer to verify).618 Pacific Street has a total building size of +/-3,430 SF, sitting on a +/-5,633 SF lot. The property has a great unit mix of (2) 1 Bed / 1 Bath, (1) 2 Bed / 1.5 Bath, and (1) 2 Bed / 2 Bath owner's unit. There's an onsite laundry room in the back of the property. The rear parking lot offers plenty of parking for 8 - 10 cars. Buyer to verify all information herein. Broker/Agent and Seller does not guarantee its accuracy.The property is conveniently located with easy access to the 10, 1/PCH, 405 freeways, and just blocks from the beach, Santa Monica Pier, Downtown Santa Monica, Herb Katz Dog Park, and Santa Monica High School.Drive by only, please do not disturb tenants. Email listing agent at stevechang@kw.com to request Offering Memorandum with detailed information.
    Exterior Features

    Direction Faces Northwest Fencing None Number Of Separate Electric Meters 4 Open Parking Spaces 8 Parking Features DrivewayOn SiteOff StreetPavedOne SpaceOn StreetUnassigned Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View None View YN No Waterfront Features Beach AccessOcean Access

    Interior Features

    Appliances Gas OvenGas RangeMicrowaveRange Hood Common Walls 1 Common Wall Fireplace Features None Fireplace YN No Flooring Wood

    Property Features

    Community Features Dog ParkPark Fuel Expense 1000 Garage YN No Gross Income 129752 Gross Scheduled Income 129752 Insurance Expense 1700 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 80752 New Taxes Expense 36000 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 49000 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Trash Expense 2400 Water Sewer Expense 2500 Water Source Public

    Listing provided courtesy of Tzu-Ning Chang of Keller Williams Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-24T00:26:01.947. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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