Condominium buy in Santa Monica California

Investor Alert! This 4.7% cap rate is available to you in a great location near Santa Monica Blvd on Cloverfield. Zoned Mixed Use Blvd so no rent control. Newly remodeled including new roof! Architectural live/work building. Creative types will love the Zen-like courtyard and water feature vibe and investors will love the cash flow! Plenty of off-street secure parking. Units B and C are tenant occupied and paying market rents. Unit #A is owner occupied and can be delivered vacant. The creative building, which is perfect for artists, architects, entertainment and technology users has historically rented to both commercial and residential tenants. The versatile space, with its high ceilings, skylights, abundance of natural light, hardwood floors and exposed brick walls is a perfect balance between live and work. All units have totally renovated kitchens and baths and private outdoor space. Located in Santa Monica's Media District and about mile from Bergamot Station Arts Center and redevelopment project, the property also is within close proximity to world class dining and shopping. Schader Park is less than a block from the property and Colorado Center Park is just two blocks away. Neighboring tenants include Amazon, Oracle, Red Bull, Dick Clark Productions, CBS, Sony. MLS® ID: 22205773 Listed: 10/3/22 Updated: 10/17/22 Interior Features Kitchen Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer Total Bedrooms: 5 Total Bathrooms: 6 Cooling: Central Air Heating: Central Exterior/Building Features Lot Size: 3,700 ft2 lot Other Property Details Area Name: C14 - Santa Monica Garage: Yes Garage Spaces: 6 Parking: Assigned, Garage, Gated Parking Total: 5.0 View: N County: Los Angeles Pool: No Total Stories: 2 Zoning: SMC4* Courtesy of Compass, John Hathorn, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. 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.