928 4TH St, Santa Monica, CA 90403

Property Description

928 4th Street represents the rare opportunity to acquire a true value add building in one of the most desirable north of Wilshire locations in Santa Monica. Situated on an idyllic, palm tree lined block, 928 4th Street is an equally short walk to the shops on Montana and historic Palisades Park.Comprised of 14 units, 928 4th Street offers a compelling unit mix including (4) 2 bedroom, 1.5 bathroom units, (6) 1 bedroom, 1 bathroom units and (4) studio units. The exterior and interiors maintain their original 50's charm allowing the new owner the chance to revive the building's midcentury glory or modernize it to meet the tastes of today's discerning renter.928 4th Street features ample tuck under parking and an on-site laundry room. All 14 units are separately metered for gas and electric.With a comprehensive reposition plan, 928 4th Street gives buyers the chance to capitalize on the upside of an exceptionally well located asset at a price per unit of only $356,786.