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Mechele A. Nelson

mechele@monarchcapcorp.com +1(817) 938-3872

$ 1,949,000

Est. payment | -/mo

4 Beds

3 Baths

2,081 SqFt

Save

$ 1,949,000

Est. payment | -/mo

Save

4 Beds

3 Baths

2,081 SqFt

Open House

Sun Nov 29, 1:00pm - 4:00pm

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,081 sqft

Price per Sqft $936

MLS Listing ID 26107947

Style Spanish

Bedrooms 4

Full Baths 3

HOA Y/N No

Year Built 1939

Lot Size 5,532 Sqft

Acres 0.127

Property Sub-Type Single Family Residence

Property Description

THREE SEPARATE HOMES | ALL CAN BE DELIVERED VACANT BY CLOSE OF ESCROW | SUPER COOL BROADWAY ART DISTRICT | CREATIVE PASSIONATE COMMUNITY | A 1,000 square foot cottage needing renovation on the same street, same size lot will cost a buyer $1.650,000. FOR $300,000 more you own 1434 24th Street with 3-SEPARATE-HOMES, not one | The property features a beautifully remodeled 2-BEDROOM, 1-bath front home enjoying a luscious large private front yard and laundry, an updated 1-BEDROOM, 1-Bath + Den enjoying a rear private patio and laundry, 1-BEDROOM, 1-Bath Cottage enjoys a front private patio. All three homes share an inviting community courtyard made for alfresco dinners, morning coffee, entertaining friends, or simply soaking up the Santa Monica sunshine. Think boutique B&B compound meets laid-back coastal living with three completely separate homes, each with its own personality, privacy, and possibilities. A rare opportunity to create your own private compound, multigenerational retreat, or income-producing investment on your terms. Current annual income $57,600 annually from the two rear cottages. $84,000 annually ($3,500 for each cottage once vacant and renovated). And the location? A creative neighborhood buzzing with art studios, local culture, the Santa Monica Co-Op, Metro Rail, and neighborhood favorites , all just moments away. Live in the 2 Bedroom | 1 Bed for Art Studio | 1 Bed for Business Operations | Rent the two rear Cottages renovated for $84,000 annual income living in the front 2 Bed | Rent all 3 - $141,600 annual income | Endless possibilities when you are in FULL CONTROL over a vacant property (NEARLY IMPOSSIBLE TO FIND A TRIPLEX THAT CAN BE DELIVERED VACANT).

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMR2*

Rooms

Other Rooms GuestHouse, Other

Dining Room 0

Interior

Heating Central

Cooling Central

Flooring Tile, Engineered Hardwood

Fireplaces Type None

Equipment Dryer, Dishwasher, Freezer, Hood Fan, Washer, Range/Oven

Laundry Laundry Closet Stacked

Exterior

Parking Features Driveway

Garage Spaces 3.0

Pool None

View Y/N No

View None

Building

Story 1

Architectural Style Spanish

Level or Stories One

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Create

Nearby Locations

+1(817) 938-3872

mechele@monarchcapcorp.com

United States

1434 24th St Santa Monica, CA 90404