FOR THE FIRST TIME, CONVENTIONAL FINANCING IS NOW AVAILABLE THROUGH A LENDER-APPROVED FINANCING PATHWAY FOR THIS HISTORICALLY NON-WARRANTABLE CONDOMINIUM BUILDING! This is a significant breakthrough, opening new financing opportunities for qualified buyers! See agent remarks for the lender who has already reviewed and approved this financing pathway. ADDITIONAL FINANCING OPPORTUNITIES!… Read More The lender also offers loan programs with as little as 0% down for eligible buyers, as well as FHA 203(k) renovation loan options that may allow qualifying renovation costs to be incorporated into the mortgage. All financing options are subject to buyer qualifications, property eligibility, program guidelines, and lender approval.Discover an exceptional opportunity in the heart of Santa Monica! This spacious 2-bedroom, 2-bathroom condominium offers an ideal combination of location, comfort, and investment potential. Situated on the first floor, the property features a generous floor plan, comfortable living spaces, and an excellent opportunity to personalize through cosmetic updates.Whether you're a first-time homebuyer, searching for a primary residence, or an investor looking to diversify your portfolio, this property offers outstanding versatility. Ideally located near Santa Monica's renowned shopping, dining, entertainment, and beaches, with convenient access to everything the Westside has to offer.For investors, the property has a strong rental history, previously generating approximately $5,000$5,500 per month, with potential for increased rental income through strategic cosmetic improvements. Buyers are encouraged to independently verify rental history and future income potential.ADDITIONAL INVESTMENT OPPORTUNITY! This condominium is also being offered as part of a two-property investment package with 1147 24th St., Santa Monica, a four-unit multifamily property located just minutes away. Both properties are offered together at a combined asking price of $3,090,000, providing an opportunity to acquire five residential units across two properties with established rental income and potential for future growth.The properties are located on separate parcels and may also be purchased individually. Contact the listing agent directly for additional information regarding the combined investment opportunity, current rent rolls, rental income history, projected income potential, and available financing options. An exceptional opportunity to establish or expand your Santa Monica real estate portfolio! Read Less
Property listed by Rodeo Realty, Christina Fetterolf 310-724-7100
Listing Snapshot
Days Online
18
Last Updated
Property Type
Condominium
Beds
2
Full Baths
2
Square Ft.
1,014
Lot Size
0.17 Acres
Year Built
1964
MLS Number
26101749
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Microwave, Refrigerator
Building
Built in 1964, Living area: 1014.0, Levels: One, Entry level: 1
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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