654 Ozone Street

    Santa Monica, CA 90405
    • $3,400,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: SB20060907
    UPDATED: 76 min ago
    $3,400,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,734
      SQFT
    • $1,244
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1952
    County:

    School Ratings & Info

    Description

    654 Ozone Street, 5 units offered at an in place 4.68% cap, fully renovated with high end finishings throughout. The quality of construction and being located right off of Rose Ave make this deal a sure fire option to demand top of the market rents for a long time to come! OFFERING ALSO INCLUDES City of Santa Monica, approved building plans to converted 3 garage spaces into a 600sqft ADU, increasing monthly income $3,000!! Improvements include, but are not limited to, new roof, new landscaping with drip irrigation, new windows, new electrical and interior and exterior lighting, new central HVAC with individual Nest thermostats, high end tile, flooring and finishes and new perimeter fencing allowing for very unique front and back yards! This is a perfect deal for anyone who loves stable in place cash-flow with lots of room to grow!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-31T13:29:36.197. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

    www.hartcoastal.com/homes/104374227

    654 Ozone Street Santa Monica, CA 90405

    • Price: $3,400,000
    • Status: Active
    • Updated: 76 min ago
    • ID#: SB20060907
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,734
    SQFT
    $1,244
    $/SQFT
    1952
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    654 Ozone Street, 5 units offered at an in place 4.68% cap, fully renovated with high end finishings throughout. The quality of construction and being located right off of Rose Ave make this deal a sure fire option to demand top of the market rents for a long time to come! OFFERING ALSO INCLUDES City of Santa Monica, approved building plans to converted 3 garage spaces into a 600sqft ADU, increasing monthly income $3,000!! Improvements include, but are not limited to, new roof, new landscaping with drip irrigation, new windows, new electrical and interior and exterior lighting, new central HVAC with individual Nest thermostats, high end tile, flooring and finishes and new perimeter fencing allowing for very unique front and back yards! This is a perfect deal for anyone who loves stable in place cash-flow with lots of room to grow!
    Exterior Features

    Garage Spaces 5.00 Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 5.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 625.00 Elevation Units Feet Gross Income 222600.00 Gross Scheduled Income 222600.00 Insurance Expense 2544.00 Land Lease YN No Laundry YN Yes Net Operating Income 159199.00 New Construction YN No New Taxes Expense 42500.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 56723.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 56723.00 Trash Expense 400.00 Water Sewer Expense 600.00 Water Source Public Year Built Source Seller Zoning Smop1*

    Listing provided courtesy of Austin Zahn of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-31T13:29:36.197. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

     
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