1434 24th Street, Santa Monica, CA 90404

Property Description

THREE SEPARATE HOMES | ALL CAN BE DELIVERED VACANT BY CLOSE OF ESCROW | SUPER COOL BROADWAY ART DISTRICT | CREATIVE PASSIONATE COMMUNITY | A 1,000 square foot cottage needing renovation on the same street, same size lot will cost a buyer $1.650,000. FOR $300,000 more you own 1434 24th Street with 3-SEPARATE-HOMES, not one | The property features a beautifully remodeled 2-BEDROOM, 1-bath front home enjoying a luscious large private front yard and laundry, an updated 1-BEDROOM, 1-Bath + Den enjoying a rear private patio and laundry, 1-BEDROOM, 1-Bath Cottage enjoys a front private patio. All three homes share an inviting community courtyard made for alfresco dinners, morning coffee, entertaining friends, or simply soaking up the Santa Monica sunshine. Think boutique B&B compound meets laid-back coastal living with three completely separate homes, each with its own personality, privacy, and possibilities. A rare opportunity to create your own private compound, multigenerational retreat, or income-producing investment on your terms. Current annual income $57,600 annually from the two rear cottages. $84,000 annually ($3,500 for each cottage once vacant and renovated). And the location? A creative neighborhood buzzing with art studios, local culture, the Santa Monica Co-Op, Metro Rail, and neighborhood favorites , all just moments away. Live in the 2 Bedroom | 1 Bed for Art Studio | 1 Bed for Business Operations | Rent the two rear Cottages renovated for $84,000 annual income living in the front 2 Bed | Rent all 3 - $141,600 annual income | Endless possibilities when you are in FULL CONTROL over a vacant property (NEARLY IMPOSSIBLE TO FIND A TRIPLEX THAT CAN BE DELIVERED VACANT).