Residential Income - Santa Monica, CA

Excellent investment opportunity in the heart of Santa Monica. This 6-unit gem features two separate structures. The front structure, a single family home with 2 bedrooms and 2 baths, and will be delivered vacant. The back structure is 5-unit, two-story building. Four of the units have 2 bedrooms and one bath. The last unit has 1 bedroom and 1 bath. Four of the units have been upgraded. Excellent CAP rate of over 6 and a gross rent multiplier of 14. With a monthly estimate of $4,100 for the vacant single family home, the rents will be $14,250 per month. Separate laundry room with coin operated washer\/dryer.