We are pleased to offer for sale a six-unit apartment community located at 1318 Yale Street. The subject property is located just north of Santa Monica Blvd within the city of Santa Monica on a quiet desirable street. Consisting of single-story cottage style units on a 7,517 square foot parcel, the property is comprised of five one-bedroom units and one single. The property will be delivered with four out of six units vacant, allowing new ownership to immediately upgrade units to capture market rents. Current ownership has renovated all 6 units within the last 10 years with hard wood flooring, Italian porcelain tiling and dual pane windows. The current ownership has also invested in a new roof, upgraded the wood decking and aesthetic upgrades to the vacant units and landscaping. Each unit includes a semi-private redwood deck and patio. Additionally, the property has been extremely well maintained. Due to its 1947 construction, the property is subject to Santa Monica rent control.
Courtesy of , Sean Rosenzweig - CA DRE#
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