1411 CLOVERFIELD BLVD, Santa Monica, Los Angeles County, CA, 90404 Los Angeles CA US

USD 3,635,000
For Sale MLS: 22-205773

Property Details

Bedrooms

2

Bathrooms

2

Neighborhood

Mid-City Santa Monica

Property Type

MultiFamily

Description

Investor Alert! This 5.9% cap rate is available to you in a great location near Santa Monica Blvd on Cloverfield. Newly remodeled including new roof! Architectural live/work building. Creative types will love the Zen-like courtyard and water feature vibe and investors will love the cash flow! Plenty of off-street secure parking. Units B and C are tenant occupied and paying market rents. Unit #A is owner occupied and can be delivered vacant. The creative building, which is perfect for artists, architects, entertainment and technology users has historically rented to both commercial and residential tenants. The versatile space, with its high ceilings, skylights, abundance of natural light, hardwood floors and exposed brick walls is a perfect balance between live and work. All units have totally renovated kitchens and baths and private outdoor space. Located in Santa Monica's Media District and about mile from Bergamot Station Arts Center and redevelopment project, the property also is within close proximity to world class dining and shopping. Schader Park is less than a block from the property and Colorado Center Park is just two blocks away. Neighboring tenants include Amazon, Oracle, Red Bull, Dick Clark Productions, CBS, Sony. Find out more about this property. Request details here

Location

Address

1411 Cloverfield Boulevard, Santa Monica, California 90404, United States

City

Santa Monica

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