MLS® ID: 19496782
1824 MICHIGAN Avenue
Santa Monica, California, 90404 $3,000,000
Prime corner, street-to-alley 16,000+ sq ft lot amazing asset in the City of Santa Monica. Steps to Metro Expo Line. Identified as being in The Michigan Avenue Neighborhood Greenway. Property has an actual income stream for Investor or Owner/Occupied purchaser - with possible potential for development. Improved with 6-unit, garden style apartment building plus a stand-alone 3 bedroom single family home. Rare opportunity to acquire this huge, corner 16,000+ sq ft lot. UNIT MIX: 1 Studio. 1 One Bedroom + 1 Bath (VACANT / 'Unit 3' Above), 4 Two Bedroom + 1 Bath and 1 Single Family Three Bedroom + Two and a Half Bath Home. The 6-unit apartment building is primarily long term tenants, one of whom is Section 8 ('Unit 6' Above) administered by the City of Santa Monica. The (VACANT) Unit is Rent Ready. Rent Roll is as of 09/01/2019. Do not walk on Property. Do not disturb tenants. Drive by only. Inside with Accepted Offer only. Rent above for 'Unit 2' is Projected.