Five homey units in Santa Monica near Arizona Avenue with a lovely yard adorned with bountiful fruit trees.
Units have laundry and office space, hardwood floors, and fireplaces (one unit does not have a fireplace). 3 garages + a tandem space. Projected rents are on the low end. Owner can deliver fully rented if desired.
Projected Gross yearly income: 160,000
Operating expenses: 30,000
Projected Net Operating income: 130,000