512 OCEAN PARK, Santa Monica CA

Prime Santa Monica location, steps aways to Main street and the beach (with 88% high walkable score) 5 unit building---includes (1) two bedroom one bath and (4) one bedroom one bath.Remodeling highlights include (in 2013) : new double-pane windows, refinished original hardwood floors, new wood cabinets, granite countertops, tiled bathrooms, all copper plumbing, new drainage to city line, new gutters and new exterior staircase with beautiful stone tile. Building has laundry room and 6 parking spaces in back. Street renovation was completed in early 2013, which features a "Complete Green Street" with wider sidewalks, brightly painted bike lanes, more than 100 new trees and landscaped medians. Property is priced at 17.4 GRM and 3.4% Cap, with potentially 22% upside in rent.