920 Marine St, Santa Monica, CA 90405

Property Description

920 Marine St. is a value-add fourplex with an incredible unit mix located in prime Santa Monica, CA. The property is a garden-style apartment complex built in 1967. The building is +/- 3,930 square foot building on +/- 5,680 square foot lot, zoned SMR2 and comprised of 1 (2+1), 1 (2+1.5) and 2 (3+2) units. Building construction is of wood frame with a flat roof and painted stucco exterior. Recent capital expenditures include a new roof and turf. Building amenities include tandem parking, rear balconies (2nd floor units only), & bicycle parking. Units are spacious, offering plenty of cabinet space and second floor units offer high ceilings with exposed wood beams and rear balconies with view. Currently, management is holding unit #2 which is a two-bedroom, one- half bath and unit #4 which is a three-bedroom, two-bath vacant. These units may be delivered vacant at the close of escrow depending on timing and terms for closing. Aesthetically, the property offers beautiful curb appeal and is well maintained.