Los Angeles County, Santa Monica, CA 90404

6 UNITS SANTA MONICA WITH 5 VACANT!!! 9 CAPWHEN FULLY OCCUPIED AT MARKET RENTS OFF MARKET - Santa Monica, CA 90404 Price: $3,750,000 5 of 6 UNITS DELIVERED VACANT AT CLOSE - ACCESS BY APPOINTMENT ONLY All buyers must sign a simple "Non-Circumvent" agreement prior to walkthrough CALL & TEXT OUR DISPO TEAM: [contact details hidden] --------------------------------------------------------------- MORE THOROUGH DETAILS & PHOTOS HERE:[contact details hidden] -------------------------------------------------------------- PROPERTY DETAILS: ● 6 Units MultiFamily - 5 Delivered Vacant ● MARKET RENTS: UP TO $32,000/month TOTAL! ● 16 bedrooms ● 13 bathrooms ● Two-Story ● 8,903 Sq. Ft ● 7,507 sq ft lot ● Built in 1969 ADDITIONAL PROPERTY INFORMATION Vacancy: • 5 of the 6 units were voluntarily vacated and intentionally left empty to provide the new owner with maximum flexibility. • There were no no-fault evictions,​ Ellis Act filings, or relocation payments associated with the vacancies. ​Roof: • Roof is not original and is estimated to be 25–30 years old. Plumbing: • ​Everything was repiped in 2020 to copper except sewer and drains. • No known leaks or sewer backups since the repipe. Electrical: • Electrical panel has not been upgraded. • Owner is unsure whether the branch wiring is aluminum. Heating & Cooling: • ​No cooling system in any unit. • Heating system is radiant ceiling heat. Deferred Maintenance: Exterior areas for stucco, electric panel, some windows, some areas of roof repair. Soft-Story Retrofit: :• Permit and final sign-off paperwork for the soft-story retrofit are available upon request. Utilities: • Electric: Separately metered and paid by tenants. • Water/Sewer: ​One water meter, but can be paid by tenants through a RUBS program. • Trash: Currently owner-paid under one account, but maybe can include in RUBS. Occupied Unit: • One long-term tenant (since the 1980s) is on a month-to-month lease. • Security deposit amount is unknown. • Tenant has an excellent payment history. Management: • Property has been self-managed by the owner. Available Due Diligence: Tax bill, insurance declarations page, utility statements, and other supporting documents are available and will be provided upon request. Recent ​R​epairs and Capital Work: 2023: Soft-story retrofit – Approx. $85,000 2020: ​Plumbing repipe – Approx. $100,000 Small repairs were mostly for appliances.​ CALL & TEXT OUR DISPO TEAM TO SUBMIT AN OFFER OR WALKTHROUGH:DISPO TEAM: [contact details hidden] NEIGHBORHOOD HIGHLIGHTS: ● Prime Santa Monica location with quick access to Interstate 10 (I-10) ● Approximately 3 minutes to Downtown Santa Monica ● Approximately 30 minutes to Los Angeles International Airport (LAX )● Approximately 45 minutes to Downtown Los Angeles ● Approximately 1 hour to Pasadena ● Located near highly rated schools with GreatSchools ratings of 7/10, 8/10, and9/10 !!! —------------------------------------------------------------------------------ DEAL TERMS: ● Closing Date: ASAP ● Earnest Money Deposit (EMD):○ $3% of purchase price (applied to closing cost)○ EMD is non-refundable with an exception of failure to provide a clear titleor seller's failure to perform○ We are not in the business of keeping buyers’ EMD, but our name andtrust is on the line with the seller. We only want a solid commitment andsmooth closing. ● Buyer pays both sides closing costs ● This deal is an assignment of contract. Our assignment contracts are notassignable. Please let us know upfront if you are not the direct buyer, and wecan work out the contracts together! Willing to JV with other wholesalers andrealtors! ● Buyer must do all due diligence prior to assignment ● Cash or Private/Hard Money Loans ONLY - No FHA or Conventional Financing ● We do not work with Fair Trade, Key Glee, or New Western! LET'S CLOSE:We’re looking to build relationships with serious buyers and we prioritize those readyto move fast and close clean. We are easy and flexible to work with, and will dowhatever it takes to get the deal done! Please do not hesitate to reach out to discusshow we can make money together.CALL & TEXT OUR DISPO TEAM [contact details hidden] TO SUBMIT AN OFFER ORWALKTHROUGH