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Tracy Thrower Conyers

team@beachcitiesbuyers.com +1(424) 229-1634

$3,950,000

Est. payment - /mo

9 Beds

6 Baths

3,950 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,950 sqft

Price per Sqft $1,000

MLS Listing ID 26986431

Bedrooms 9

HOA Y/N No

Year Built 1948

Lot Size 6,477 Sqft

Property Description

** PLEASE DO NOT WALK PROPERTY **A rare and fully reimagined 6 unit income property in the heart of Santa Monica's coveted Sunset Park, 1022 Grant Street offers the increasingly difficult-to-find combination of character, extensive renovation and upgrades, private outdoor spaces and impressive market rents. Originally a five-unit property and now enhanced by a newly added 1 bedroom ADU, the property offers 6 residences, many of which feel more like individual homes than apartments. At the heart of the property are 3 highly desirable 2 bedroom bungalow-style residences, each with its own private entrance and with beautifully landscaped front garden spaces and some with patio spaces. Extensively remodeled (with Permits) incorporating a clean, timeless aesthetic, these residences feel like small houses and feature custom cabinetry, Caesarstone countertops, new appliances, wide-plank oak flooring, frameless glass showers with custom tiles and vanity, stacked in-unit washer/dryers and individual HVAC or mini-split systems. Ample double hung windows, mature landscaping and thoughtful separation create exceptionally light, private and inviting residences! Two additional units are positioned above the rear garages, providing separation from the bungalows, while the newly added and oversized 1 bedroom ADU further enhances the property's income and flexibility. 2 private garages are also assigned to the bungalows . Perhaps most compelling, all but one of the residences are leased at impressive market rents, offering the unusual opportunity to acquire a substantially renovated Santa Monica income property without the significant loss-to-lease associated with most Santa Monica and Los Angeles income offerings. Equally compelling for an investor seeking strong, highly desirable rental product or an owner-user looking for a distinctive residence supplemented by meaningful income. Set along a quiet, tree-lined street in one of Sunset Park's most desirable residential pockets, the property is moments from the restaurants, cafes and neighborhood amenities of Ocean Park and minutes from the beach. Beautifully renovated, predominantly market-rent, bungalow-style multifamily properties of this quality are exceedingly difficult to replicate in Santa Monica making 1022 Grant Street a truly rare offering. Call for information and showing.

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Heating Central, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Door-Multi, Garage

Total Parking Spaces 2

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4284014004

Special Listing Condition Standard

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Listed by Jack Graniti Pacifica West Properties #01317555

NEARBY SCHOOL & BUSINESS

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Tracy Thrower Conyers

+1(424) 229-1634

Broker Associate, JD License ID: 01712960

1022 Grant ST Santa Monica, CA 90405

Tracy Thrower Conyers

Key Details

Location

Interior

Exterior

Building

Others