3410 Club Drive presents a rare opportunity to acquire a well-performing 17-unit multifamily property in a highly desirable in west Los Angeles, adjacent to Cheviot Hills and near Culver City. The property is largely renovated, with 15 of 17 units featuring updated interiors, generating approximately $524,000 in gross annual income and offering strong in-place cash flow. The property features a charming central courtyard, a well-maintained pool, on-site laundry, controlled access, and 18 carport parking spaces, many of which have built-in storage. Excellent Unit Mix of (4) 2+2, (9) 2+1, (4) 1+1. Select capital improvements have been completed over time and include predominantly copper plumbing, largely updated electrical systems, and mostly newer windows (buyer to verify). Seismic retrofit earthquake work and required balcony inspections have been completed, reducing future capital exposure. Additional upside exists via two existing non-residential spaces that may be suitable for ADU conversion, presenting potential for future income growth (buyer to verify feasibility with the City). This offering is well-suited for investors, including 1031 exchange buyers, seeking a stabilized asset with durable income and long-term growth potential.
Listing Courtesy of Combined L.A. Westside (CLAW) / Coldwell Banker Realty / Linda Light
$2,575,000 (USD)
Santa Monica Area Multi-Family Home
Active
711 Grant St Santa Monica, CA 90405
14 Bed
0 Baths
6128 sqft
MLS# 26686007
This exceptional six-unit apartment building in prime Santa Monica, located west of Lincoln Boulevard, offers a rare investment opportunity with 3 out of 6 units vacant. This property features an ideal unit mix, including two spacious, two-story townhome-style 3B+2Ba units in the front building, both currently vacant, and four 2B+1Ba units in the rear building, 1 of which is vacant. This combination provides an excellent opportunity for an owner-user or an investor seeking immediate income potential. With its desirable location, strong unit mix, and upside rental potential, this property is a standout choice for investors or buyers seeking a versatile and valuable asset in Santa Monica, one of LA's most sought-after neighborhoods. Trust Sale - No request for repairs or credit will be considered. Do Not Disturb Tenants. Do Not Walk Property.
Listing Courtesy of Combined L.A. Westside (CLAW) / Coldwell Banker Realty / Linda Light