For sale 5 units in Santa Monica, CA

Posted: 11/04/2019 3:12 pm | On HOMEiZ: 1656 days | Updated: 4 years ago | Views: 692

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$2052000

Last Sold Price

$2052000

Last Sold Date

02/12/2019

Total Lot Size

7,161.00 Sq. Ft.

Asking Price per Sq. Ft.

$667

Total Building Size Sq. Ft.

3076

Commission Split %

Contact listing agent%

Cap Rate %

4.37%

Gross Annual Income

Net Operating Income

$89672

Gross Rent Multiplier

15.53

Operating Expenses

Annual Property Tax Rate for this property

1.25%

Property tax total amount

$25650

Property Location & Description

Listing Headline

For sale 5 units in Santa Monica, CA

Rent control

Rent Control

Property Description

4 of 5 units have been renovated throughout with much of the following: granite counter tops, windows, stainless steel appliances, hardwood floors, water heaters, recessed lighting etc. Units A, C, D & E were redone with copper plumbing, roof and windows. The offering sits on 7,161 square feet of land with a rentable square feet of 3,076 and consist of 2 one-bedroom/one-bathroom units and 3 two-bedroom/one-bathroom units.

Location Description

Located in the prime Sunset Park area of Santa Monica. Less than two miles from the beach and within walking distance to some of the most desirable retail, shopping and dining in the country; Main Street, Ocean Front Walk and Abbot Kinney

No. of Units

Price per Unit

$410400

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

1+1

$1680

2+1

$2625

APN / Parcel ID

4273-021-021

Zoning

Occupancy %

100%

Construction Type

Wood & Stucco

No. Stories

Year Built

1944

Overall Property Condition

Good

Highlights

Prime Sunset Park Location

4 Units Renovated Throughout

On-Site Laundry

Income Producing Garage

Close to the Beach

Upside in rents

Property Information

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

On-street

Investment Overview

Type of use

Investor

Energy Efficiency

Energy Star Certified

How old is you cooling and heating system?

Don't Know

Efficiency rating

N/A

R-value

N/A

Windows single-pane?

Natural daylight

Appliances energy efficient

Roof

Neighborhood lifestyle

Lifestyle

Urban Core

More information

MLS URL of this listing to link to your own site or brokerage site

Listing Info

Listing ID: 2019

Sold

For Sale

$2,052,000

Listing Presented by

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2416 20th Street . Sunset Park , CA 90405