Over $ 212,000 Actual Rent. CAP RATE 5.12 GRM 14.83. Seller has owned building 13 years and is retiring.. 4 - 2/2 plus a creative studio. No Soft Story Retrofit to Close to BEACH and near Main St in the newly upgraded " Santa Monica LiNC" transit.. Luxury Renovated . Prime SM Completely remodeled with SW Ocean views from large private terraces. A Turn key Investment or Great Owner user property. Walk to,Main St.,Abbot Kinney,Whole Foods, CVS, Starbucks. LEGAL 4 Unit plus Creuative Studio in back not under rent control. Real Wood floors,Granite,designer tile, Central AC, large fitted closets, Laundry in each unit ,Copper plumbing, Soaker tubs, Kohler , Toto, Open plan kitchens,SS appliances,,DUROLAST roof still under warranty,low voltage recessed lighting, low utility costs,bicycle room,storage,water efficient Landscape,water restricting faucets,soundproofing between floors , solid wood doors and trim. .Buyer to co-operate with sellers 1031 excha