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MAJOR PRICE REDUCTION! Non-rent control building in superb high demand location in the center of Santa Monica. The Pico area is known as one of the best neighborhoods in the city and the Los Angeles area with many restaurants and amenities nearby. Centrally located, just two miles from Santa Monica Beach, Santa Monica Pier and downtown. Close to many public transits stops and great access to the 10 Freeway. Excellent curb appeal, pride of ownership property. Charming building with a serene garden and beautiful buildings surrounding the property. New copper piping throughout the attic. Staircase redone 2014; New fence 2021. 4 units have been fully upgraded including in-unit laundry. One additional unit partially upgraded with kitchen and flooring. Minimum maintenance requirements with upside potentials on remaining non-upgraded units. Parking spaces in the back plus attached garage. Zero soft story retrofit. Two units deeded as low and moderate income until 2042. Seller has Architect's proposal to covert one non-conforming unit to ADU. Property has been impeccably maintained and offers a pride of ownership opportunity. MLS® ID: SC22161884 Listed: 7/21/22 Updated: 10/16/22 Interior Features Kitchen Appliances: Dryer, Washer Total Bedrooms: 0 Total Bathrooms: 0 Laundry Description: Inside, See Remarks Exterior/Building Features Lot Size: 7,486 ft2 lot Lot Details: 0-1 Unit/Acre, Level, Near Public Transit, Rectangular Lot Sewer: Public Sewer Other Property Details Area Name: C14 - Santa Monica HOA Amenities: Curbs, Urban Garage: Yes Garage Spaces: 1 Parking: Concrete, Door-Single, Garage, On Site, Garage Faces Rear, One Space Parking Total: 8.0 View: N County: Los Angeles Water Source: Public Pool: No Pool Description: None Zoning: SMR2* Property History Date Event Price Value 9/14/22 Price Change $2,990,000 -7% Courtesy of Mark Epstein & Associates, Mark Epstein, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/16/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.