Description
We are proud to present a tranquil home retreat located in the charming beachside community of Ocean Park in the City of Santa Monica. Situated on the quiet street of Highland Ave., this unique property, which is just 6 streets from the beach, offers an amazing opportunity and endless possibilities for either someone looking to call this property home. The private compound, was originally built in 1920 and in 1988 the construction of (2) detached apartment units and workshop were completed. Over the course of the last few years, the property has undergone extensive renovation to both the main home, as well as the apartment units at the rear of the property.This wonderful opportunity encompasses an impressive 3,802 sq ft and consists of a 4 Bedroom + 3 Bath Two-Story Single-Family Home with a private 106 sq ft 3rd floor rooftop terrace, as well as (2) detached 2-Bedroom apartment units at the rear of the property averaging 895 sq ft in a 3-story structure with the 4th floor consisting of a massive 628 sq ft sundeck and lounge with partial views of the Pacific Ocean and surrounding city. *In addition, there’s a 1st floor, non-conforming studio unit that could be used as an office or potentially converted into a legal apartment unit. **The home and units are individually metered for gas and electric with individual hot water heaters, allowing for the homeowner to live in the main home, while offsetting both the mortgage and utilities through Airbnb’ing the units or leasing them to longer-term tenants rental income of the apartment units.(1) Single-Family Home - Four-Bedroom + Three-Bath (1) Two-Bedroom + Two-Bath - $3,795 p/month (1) Two-Bedroom + One-Bath - $3,850 p/month (1) Studio + One-Bath (*Non-Conforming Unit) Santa Monica, California, is one of the most sought after and highly desirable coastal cities known for its vibrant culture, beautiful beaches, and thriving economy. Santa Monica's real estate market is characterized by high demand and limited supply, resulting in property values that are among the highest in the region.*Buyer to Verify with the City of Santa Monica**All material presented herein is intended for discussion purposes only. It is the sole responsibility of the Buyer to conduct their own due diligence as to the accuracy of the information contained herein and the Seller nor their agents make any warranties expressed or implied.