WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire 2323 4th Street, a multifamily property in Santa Monica, just five blocks away from the beach and across the street from Hotchkiss Park.
The subject property is comprised of ±5,328 SF of building on ±6,449 SF of land. The 6-unit building is comprised of six (6) two-bedroom two-bath units, with subterranean parking for nine (9) cars (three tandem). The units are currently used as low income housing for seniors. There is a ground floor common area, including a laundry room and bathroom, shared by the tenants, as well as a shared balcony on the second floor. The building is equipped with an elevator.
The location of this property is second to none. It is situated on a quiet street in the Ocean Park area of Santa Monica. There is a park directly across the street, and the beach is just five blocks away. There are ample area amenities nearby, especially on Main Street, which is packed with restaurants and cafes, all of which are extremely accessible with the neighborhood’s Walk Score of 95.
The property is just a few minutes drive to the 10 freeway, offering easy access in and out of Santa Monica. The Big Blue Bus stops right outside the subject property, offering access to Venice to the south, Brentwood and UCLA to the north, and the Metro E line is only three stops away. This is an excellent opportunity for a multifamily investor or developer to own property in an ideal Santa Monica location.
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