MAJOR PRICE REDUCTION! INCREASED INCOME! Non-rent control building in superb high demand location in the center of Santa Monica. The Pico area is known as one of the best neighborhoods in the city and the Los Angeles area with many restaurants and amenities nearby. Centrally located, just two miles from Santa Monica Beach, Santa Monica Pier and downtown. Close to many public transits stops and great access to the 10 Freeway. Excellent curb appeal, pride of ownership property. Charming building with a serene garden and beautiful buildings surrounding the property. New copper piping throughout the attic. Staircase redone 2014; New fence 2021. 4 units have been fully upgraded including in-unit laundry. One additional unit partially upgraded with kitchen and flooring. Minimum maintenance requirements with upside potentials on remaining non-upgraded units. Parking spaces in the back plus attached garage. Zero soft story retrofit. Two units deeded as low and moderate income until 2042. Seller has Architect's proposal to covert one non-conforming unit to ADU. Opportunity to convert garage to ADU for a total of nine units. Property has been impeccably maintained and offers a pride of ownership opportunity. Seller may carry 35% LTV first trust deed.