Residential Income In Santa Monica

We are pleased to present 2710 Arizona Ave, known as The Bungalows, a four-unit apartment building one block south of Wilshire Boulevard in Mid-City Santa Monica. Behind a hedge and a gated frontage, the property opens onto a landscaped courtyard patio, a private garden setting at the center of the building. Built in 1950, the four one-bedroom residences keep the scale and feel of a small neighborhood court, with mature shade trees, garden beds and a courtyard seating area around them. Unit A has two full baths, one up and one down. The building also earns beyond its apartments. The detached garage on the rear alley is leased as a garage office or studio space at $1,300 a month, or $15,600 a year, a second source of income outside the unit rents. Everyday errands are close at hand, too. With a Walk Score of 92, Erewhon is 0.15 miles north, Bristol Farms 0.34 miles north and Trader Joe’s 0.38 miles southwest, with Douglas Park 0.29 miles west and McKinley Elementary School 0.28 miles southwest. For a private or exchange buyer seeking a small Mid-City Santa Monica building with a clear path to higher rents, 2710 Arizona Ave offers both character and upside.