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USACASanta Monica729 Cedar St
729 Cedar St, Home with 0 bedrooms, 0 bathrooms and 5 parking in Santa Monica CA | Image 1
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$2,395,000

729 Cedar St, Santa Monica, CA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage Yes
Taxes 
Days Active 2
Lot Size 
Approx. Age 1954
MLS® Number SB25201120

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Introducing a meticulously maintained investment opportunity in the heart of Santa Monica’s sought-after Ocean Park neighborhood. Walkable distance from the beach and two blocks from the peaceful greenery of Joslyn Park, this solid asset offers exceptional value with a current CAP rate of 2.85%. Current expenses include a property management fee, $6, 000 per year, so if the Buyer elects to self-manage the property and thereby eliminates management expenses, the potential CAP rate could increase to 3.1%, with a potential market CAP rate of 4.5% with market rents. Residents enjoy quick access to many everyday conveniences along Lincoln Boulevard, including Gelson’s, Whole Foods Market, popular coffee shops, and a wide variety of restaurants, as well as the vibrant shops and dining of Abbot Kinney and Main Street. Santa Monica’s excellent Transit Score of 75 and Bike Score of 72 make every destination within easy reach.Show Description
MLS® NumberSB25201120
Laundry LevelCommon Area
Central VacNo
FireplaceNo
Acreage0.1376
Exterior
GarageYes
Approx. Age1954
Basement
DrivewayDoor Single, Garage
Garage Spaces
HeatCentral
A/CNone
Heating Fuel

Extras

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