$1,252,000
$1,350,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
5,998 Sqft Lot
SOLD DATE : 09/23/2024
Key Details
Sold Price $1,252,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24162392
Sold Date 09/23/24
Construction Status Fixer
HOA Y/N No
Year Built 1937
Annual Tax Amount $2,488
Lot Size 5,998 Sqft
Property Description
Prime triplex on 28th St(2242-2246 28th St.) in the heart of Santa Monica. It offers a unique combination of charm, space and unbeatable conveniences and amenities. Approximately 3 miles from the beach, located within blocks of Ocean Park, Santa Monica College and Virginia Park, excellent access to public transportation, including the Expo Line, bus stations, and bike path. Close to a variety of great restaurants, shopping and grocery stores. A short drive to 3rd Street Promenade, Santa Monica Pier and Bergamot Station Art center. The front unit is a beautifully maintained one-bedroom, one-bath home with a lovely yard. The second unit attached to the front house features 3-bedroom and 1-bath. This unit boasts a very large back yard perfect for outdoor entertaining and gardening. The third unit is a detached one-bedroom, one-bath home complete with its own one car garage and ample yard space. The subject property has great potentials for redevelopment including ADU (check with city). It needs TLC but future owner-occupants can qualify for temporary use exemption under Santa Monica rent control, making this property an even more attractive investment. Hurry, it won't last!
Location
State CA
County Los Angeles
Area C14 - Santa Monica
Zoning SMR2*
Interior
Heating None
Cooling None
Fireplace No
Laundry Inside
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Sidewalks
Utilities Available Electricity Available, Water Available
Total Parking Spaces 1
Private Pool No
Building
Lot Description No Landscaping, Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 4270003013
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Teresa Tsai • Elite Properties & Management
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Broker Associate | Lic# 01398838