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Kit Jin

kit@jinshomegroup.com +1(949) 688-3629

$ 895,000

Est. payment | -/mo

2 Beds

2 Baths

1,014 SqFt

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$ 895,000

Est. payment | -/mo

Save

2 Beds

2 Baths

1,014 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 1,014 sqft

Price per Sqft $882

MLS Listing ID 26101749

Bedrooms 2

Full Baths 2

Construction Status Additions/Alterations,Repairs Cosmetic,Updated/Remodeled

HOA Fees $620/mo

HOA Y/N Yes

Year Built 1964

Lot Size 7,496 Sqft

Property Sub-Type Condominium

Property Description

FOR THE FIRST TIME, CONVENTIONAL FINANCING IS NOW AVAILABLE THROUGH A LENDER-APPROVED FINANCING PATHWAY FOR THIS HISTORICALLY NON-WARRANTABLE CONDOMINIUM BUILDING! This is a significant breakthrough, opening new financing opportunities for qualified buyers! See agent remarks for the lender who has already reviewed and approved this financing pathway. ADDITIONAL FINANCING OPPORTUNITIES! The lender also offers loan programs with as little as 0% down for eligible buyers, as well as FHA 203(k) renovation loan options that may allow qualifying renovation costs to be incorporated into the mortgage. All financing options are subject to buyer qualifications, property eligibility, program guidelines, and lender approval.Discover an exceptional opportunity in the heart of Santa Monica! This spacious 2-bedroom, 2-bathroom condominium offers an ideal combination of location, comfort, and investment potential. Situated on the first floor, the property features a generous floor plan, comfortable living spaces, and an excellent opportunity to personalize through cosmetic updates.Whether you're a first-time homebuyer, searching for a primary residence, or an investor looking to diversify your portfolio, this property offers outstanding versatility. Ideally located near Santa Monica's renowned shopping, dining, entertainment, and beaches, with convenient access to everything the Westside has to offer.For investors, the property has a strong rental history, previously generating approximately $5,000$5,500 per month, with potential for increased rental income through strategic cosmetic improvements. Buyers are encouraged to independently verify rental history and future income potential.ADDITIONAL INVESTMENT OPPORTUNITY! This condominium is also being offered as part of a two-property investment package with 1147 24th St., Santa Monica, a four-unit multifamily property located just minutes away. Both properties are offered together at a combined asking price of $3,090,000, providing an opportunity to acquire five residential units across two properties with established rental income and potential for future growth.The properties are located on separate parcels and may also be purchased individually. Contact the listing agent directly for additional information regarding the combined investment opportunity, current rent rolls, rental income history, projected income potential, and available financing options. An exceptional opportunity to establish or expand your Santa Monica real estate portfolio!

Location

State CA

County Los Angeles

Area C14 - Santa Monica

Zoning SMR2*

Interior

Interior Features Breakfast Bar, Ceiling Fan(s)

Heating Central, Forced Air

Cooling Central Air

Flooring Wood

Fireplaces Type None

Furnishings Unfurnished

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator

Exterior

Parking Features Underground

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Gated

Amenities Available Controlled Access, Security, Trash

View Y/N Yes

View Trees/Woods

Private Pool No

Building

Entry Level One

Architectural Style Traditional

Level or Stories One

New Construction No

Construction Status Additions/Alterations,Repairs Cosmetic,Updated/Remodeled

Others

Pets Allowed Yes

HOA Fee Include Earthquake Insurance,Sewer

Senior Community No

Tax ID 4281035055

Security Features Gated Community,Key Card Entry

Special Listing Condition Standard

Pets Allowed Yes

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Christina Fetterolf Rodeo Realty #02067644

NEARBY SCHOOLS & PROPERTIES

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(949) 688-3629

kit@jinshomegroup.com

20 Corporate Park # 175, Irvine, CA 92606, United States

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1101 Lincoln BLVD #1 Santa Monica, CA 90403