Assumable financing of approximately$3, 800, [email protected]% per annum for approx. 7.5 years, amortized over 30 years. Listed at$400, 000below the last sale. Exceptional 9-unit apartment building just 3 blocks to the beach. Seven of the nine units have been significantly renovated, including central heat/air, in-unit washers/dryers, appliances, kitchen and bathroom remodels, and contemporary flooring. Extensive exterior restoration including landscaping, all new windows, smooth re-stucco, hardware, front doors, handrails, new concrete parking surfaces, new electrical panel and meters, and much more. Unit mix features five 1-bedroom units and four 2 bedrooms, 2 bath units, 2 of the units having a penthouse like feeling with private ocean view decks. There are two long-time tenants paying a miniscule of their market-value. Current ownership has NOT offered these two tenants cash for keys. 16 off-street parking spaces.
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The average household income in
Santa Monica, CA
grew
from
$82,123
to
$86,084
in the past year. This data is an estimate based upon
46,358
households in
Santa Monica, CA. The chart below presents how household income is distributed in
Santa Monica, CA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Santa Monica, CA
compared to median property taxes around the country. The prevalent amount of property taxes in
Santa Monica, CA
equals
$3k+
, which is
more
than the national average.