For sale 6 Units in Santa Monica, California. For more information please contact the listing agent, Aida Memary info@laaa.com (818) 212-2808

Posted: 09/01/2020 4:01 pm | On HOMEiZ: 1342 days | Updated: 3 years ago | Views: 542

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$3750000

Last Sold Price

$3750000

Last Sold Date

09/01/2020

Total Lot Size

7,993.00 Sq. Ft.

Asking Price per Sq. Ft.

$451

Total Building Size Sq. Ft.

8322

Commission Split %

Contact Listing Agent%

Cap Rate %

3.29%

Gross Annual Income

Net Operating Income

$123375

Gross Rent Multiplier

18.57

Annual Property Tax Rate for this property

1.25%

Property tax total amount

$46875

Property Location & Description

Listing Headline

For sale 6 Units in Santa Monica, California. For more information please contact the listing agent, Aida Memary info@laaa.com (818) 212-2808

Rent control

Rent Control

Property Description

This 1960 vintage property boasts an excellent unit mix with all 6 of the units being very large, approx. 1,400 sq. ft. , 3-bed/2-bath units. Furthermore, these one of a kind units, with very large windows throughout, making these units naturally bright and welcoming, come with a private balcony/patio for each unit.

Location Description

located in one of the most desirable Santa Monica Locations: the Wilshire-Montana corridor. The property is ideally located north of Wilshire Blvd, just steps away from Montana Ave, has a walk score of 80, is less than 1.5 miles from the beach, and is in close proximity to Whole Foods, Starbucks, and many other popular shops, restaurants and conveniences.

No. of Units

Price per Unit

$625000

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

3+2

1400

APN / Parcel ID

No Data

Zoning

No Data

Occupancy %

100%

Construction Type

Wood & Stucco

No. Stories

Year Built

1960

Overall Property Condition

Good

Highlights

All 6 Units are Large, Approx. 1,400 sq.ft. 3 Bedroom + 2 Bathroom

A+ Location, North of Wilshire, Steps away from Montana Ave, 1 Mile from Beach

Separately Metered for Gas and Electricity

Seismic Retrofitting 100% Completed

Multiple Exit Strategies with Possibility of Converting to Tenants in Common

▪ Well Parked with 8 Individual Carport Spaces and 12 if Used as Tandem

Property Information

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

Off-street

On-street

Assigned Parking

# of Covered Parkings

Investment Overview

Type of use

Investor

Energy Efficiency

Energy Star Certified

How old is you cooling and heating system?

No Data

Efficiency rating

N/A

R-value

N/A

Windows single-pane?

Natural daylight

Appliances energy efficient

Roof

Neighborhood lifestyle

Lifestyle

Young Single upwardly

Urban Core

New Urban

More information

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

20-556998

Listing Info

Listing ID: 2412

Sold

For Sale

$3,750,000

Listing Presented by

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848 19th Street . Wilshire Montana , CA 90403