Live Auction! Bidding to start $1,388,000.00 traditional non-bank owned property. We are pleased to exclusively represent for sale, The Grant Garden, an excellent opportunity to acquire an 8-unit (out of 8 units, 4 studio units are non-conforming) apartment building in one of the best highly south rental locations in prime Santa Monica nestled in Ocean Park neighborhood. The Grant Garden, consists of four (4) One Bedroom/One Bathroom units, and four (4) studio units (all studios are non-conforming). The property's 3,740 rentable square feet is situated on a 5,897 square foot lot. Two of the one bedroom units will be delivered vacant. An astute investor will benefit immediate cash flow, with the opportunity to capitalize significantly on higher market rents and to acquire a well maintained and low maintenance property in one of the most prime locations on the Westside of Los Angeles. Located in the high-demand rental market of Santa Monica, walking distance to the beach, Santa Monica High school and all major shopping and dining.
Live Auction, TBD. Bid to start from $1,388,000.00! No Buyer premium. Submit offers to Iman@coldwellbanker.com prior to auction to STOP the auction via loan/cash. Seller able to accept, reject, or negotiate offers prior to auction, change the date, or reschedule auction w/o notice.
Seller, Broker and Broker's Agents do not represent or guarantee accuracy of the square footage, bedroom/bathroom count, number of units, lot size/dimensions, permitted or unpermitted spaces, or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all information.
