Multi-family building, 12 beds 3.5 baths, 6,268 sf, 8,291 sf lot
Unit #1: 1 bed, 1 bath, $1307/mo
Unit #2: 2 beds, 1 bath, $1510/mo
Unit #3: 3 beds, 1.5 baths, $2882/mo
The Hill Street Apartments is a 7-unit apartment building located in the Ocean Park neighborhood of Santa Monica. The unit mix consists of two units that are one-bedrooms with one bathroom, four units that are two-bedrooms with one bathroom and there is one unit that is a three-bedroom with one- and one-half bathrooms. There is tandem parking at the rear of the property plus a garage in the front. The two-story structure, constructed in 1964, is of wood frame and stucco with individual gas and electric meters. Because of Santa Monica rent control, there is a major rental upside between the current lease rates and the market lease rates, providing a new owner with the possibility to later increase the rental rates. Unit #1 is currently occupied as a three bedroom apartment, however, the unit is configured as a two bedroom plus den. Buyer to verify.
- Built 1964
- Units: 7
- Disclosures: property as is
Listed by Steffan Braunlich, BerkadiaCLAW #15908651APN: #4285012029
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