1042 Bay Street,  Santa Monica CA, 90405 (Residential Income)

2,712 sqft
Status: Sold
MLS#: SR14180496
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Last Updated: 12/3/2016 11:43 AM
Description for 1042 Bay Street Santa Monica, CA 90405
BOM...FURTHER PRICE REDUCTION!! Subject to canx of previous escrow. Great opportunity to invest in duplex in the Sunset Park area of Santa Monica. The property offers over 2700 sq feet with plenty of room on the property for possible expansion .....buyers to do their own investigations. The front unit is 2BR/2BA with fireplace....approx. 1300 square feet. REAR UNIT IS NOW VACANT WITH SUPRA...and has been painted inside with new flooring and features central AC. The property features a wonderful covered patio for each unit facing the western sunsets. There is a large grassy area in the rear of the property next to a detached 2 car garage with automatic garage opener.There is a tenant in the front unit ...please do not disturb. This duplex had been occupied by family members at reduced rental rates which reflects in the low ROI. Adjacent properties on this street have been modified or rebuilt and offer 4-8 rental units. This a tremendous investment opportunity in one of the nicest area of Santa Monica. Buyers to do their own investigations and due diligence. Listing agent suggests that all potential clients be aware of the attached supplement regarding the Santa Monica Rent Control Board.
Price
Sold Price:
$1,360,000
Sold Date:02/04/2015
Los Angeles
2,712 (approx)
SR14180496
Closed
Description
BOM...FURTHER PRICE REDUCTION!! Subject to canx of previous escrow. Great opportunity to invest in duplex in the Sunset Park area of Santa Monica. The property offers over 2700 sq feet with plenty of room on the property for possible expansion .....buyers to do their own investigations. The front unit is 2BR/2BA with fireplace....approx. 1300 square feet. REAR UNIT IS NOW VACANT WITH SUPRA...and has been painted inside with new flooring and features central AC. The property features a wonderful covered patio for each unit facing the western sunsets. There is a large grassy area in the rear of the property next to a detached 2 car garage with automatic garage opener.There is a tenant in the front unit ...please do not disturb. This duplex had been occupied by family members at reduced rental rates which reflects in the low ROI. Adjacent properties on this street have been modified or rebuilt and offer 4-8 rental units. This a tremendous investment opportunity in one of the nicest area of Santa Monica. Buyers to do their own investigations and due diligence. Listing agent suggests that all potential clients be aware of the attached supplement regarding the Santa Monica Rent Control Board.
Listing Information
Property Type: Cluster, 1 Story
0.15 Acres 2,712 (approx)
$501.47 1949
Yes- 2 spaces 1
Public Water Service
Sewer at Street
2 Total
Neighborhood
Room Information
Inside
Interior Features
Living Room
Exterior / Lot Features
2 Garage Spaces, 2 Parking Spaces
None
No Pool
Sidewalks, Street Lights
Financial Considerations
4284015009
$4,952
$19,800 Income ,$13,978Expense
Listing Price History

Santa Monica Real Estate

Santa Monica is located in California. Santa Monica, California 90405 has a population of 90,008.

The median household income in Santa Monica, California 90405 is $72,271. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Santa Monica 90405 is 40.2 years.

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Courtesy: Berkshire Hathaway HomeService Earl Richards
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Information is deemed reliable but is not guaranteed.

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