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1824 Michigan Avenue, Santa Monica, CA 90404
Priced at Only: $3,495,000
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Address: 1824 Michigan Avenue, Santa Monica, CA 90404
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  • MLS#: 26649501 ( )
  • Street Address: 1824 Michigan Avenue
  • Viewed: 3
  • Price: $3,495,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1922
  • Bldg sqft: 0
  • Days On Market: 41
  • Additional Information
  • County: LOS ANGELES
  • City: Santa Monica
  • Zipcode: 90404
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Yigal Yigal
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    1824 Michigan Ave is a seven unit property comprised of two separate structures situated on an over 16,000 SF lot in the heart of Santa Monica. The asset is ideally located minutes from Santa Monica College, the 10 Freeway, Downtown Santa Monica, and major tourist attractions. The property is comprised of a 3BR/2BA single family residence that will be delivered vacant, along with a separate six unit apartment structure. A compelling value add opportunity exists through the completion of two ADUs, with plans and permits fully approved and paid for, and the structural framework already in place allowing a new owner to immediately capitalize on increased density and rental income with minimal entitlement risk. The unit mix on the six unit building is: One Single, One 1BR, 1BA, Four 2BR, 1BA. The Two approved ADU's that the owner has already began work on are a 2BR 1BA, and a 3BR, 2.5BA.
Features
Building Area Total
  1. 5160.00
Cooling
  1. Central Air
Country
  1. US
Heating
  1. Central
Laundry Features
  1. Stackable
Levels
  1. One
Lot Features
  1. Front Yard
Netoperatingincome
  1. 177597.00
Parcel Number
  1. 4274012002
Parking Features
  1. Driveway
Postalcodeplus4
  1. 4424
Property Condition
  1. Additions/Alterations
Security Features
  1. Carbon Monoxide Detector(s)
  2. Smoke Detector(s)
Sourcesystemkey
  1. 26649501:CLAW
Totalexpenses
  1. 99074.00
Year Built
  1. 1922
Zoning
  1. SMR2*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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