Currently operating as a 4 Unit Apartment building, the properties highest and best use would allow for 2 potential value-add development additions (Buyer to investigate with the city). To be delivered with 2 vacant units. Unit mix consists of (4) 1 Bed/1 Bath units and one unit has a covered patio that has been functioning as a 2nd bedroom. Each unit includes hardwood floors, tiled bathrooms, fireplaces, and in unit washer/dryer. The front units have covered patios, while one rear unit features a private backyard. An investor could continue to operate the property as 4 units and capitalize on 14% rental upside by modernizing the units. Further development potential may exist to add a 2nd Floor addition to each of the 4 units or to maximize the properties potential as a first class Owner User income property. With the new upstairs space there is a potential for ocean views and the new 2-story owners suite would be approximately 1,920 SF while leaving 3 units to generate income.
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, Listed on
DANIEL BAIRD, License# 01881602,
SPERRY VAN NESS
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This 4 bedroom Multi-Family home
for sale in Santa Monica, CA
is currently listed for $2,800,000.
Featuring a lot size of 4,792 Sq. Ft.,
419 Hill St
was built in 1965 and
has been on ERA.com for 18 days.
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