7-Bedroom 'Fixer' In Santa Monica Might Actually Be A Good Deal

SANTA MONICA, CA – Dare I say it – this house might actually be a steal in Santa Monica. The seven-bedroom, two-bathroom home has 1,836 sq. ft. and is an investor's dream. Build your dream home or rent it out, the current owner brings in $7,000 per month in rental income.

If you'd rather keep the house to yourself, there are possibilities for a guest house, home office, yoga studio, media room, playroom, and anything else you can come up with. This early 60s home would be perfect for your next project.

• Address: 911 Marine St, Santa Monica, California
• Price: $1,550,000
• Square Feet: 1826
• Bedrooms: 7
• Bathrooms: 2 Baths
• Built: 1961
• Features: Situated in the bustling heart of Santa Monica, minutes from the trendiest shops & dining on the Westside, sits this rare 2-story fixer/investment opportunity! Move right in and make it your own with minor upgrades or completely reimagine and build the home of your dreams. This property is also an amazing investment, as the current owner brings in $7,000/month in rental income by renting out the many versatile rooms to local students. Boasting 1,826sf, this home has tons of potential to utilize the many bedrooms for traditional use, guest rooms, home office, gym/yoga studio, media room, playroom, and more! Has hardwood floors, spacious kitchen, charming fireplace, and private backyard/patio surrounded by lush greenery. Located close to Lincoln Blvd., Santa Monica Place, 3rd Street Promenade and great local schools. Rare opportunity where location is key and the possibilities are endless.

This listing originally appeared on realtor.com. For more information and photos, click here.