NOT LISTED FOR SALE

1229 Princeton St Santa Monica, CA 90404

Mid-City Santa Monica Neighborhood
12 Beds
14 Baths
7,724 Sq Ft
7,013 Sq Ft Lot

Last Sold July 29, 2024

Last sale price $2,900,000 $375 Per Sq Ft

7 Days on Market

About This Home

As of July 2024

Discover the perfect investment opportunity in the heart of Santa Monica with this charming 6-unit property for sale. Current CAP rate of 4.77% with tremendous upside. Don't miss out on this rare chance to own a piece of prime real estate in one of California's most coveted locations. Explore the endless possibilities of this property and make your investment dreams a reality today! Introducing a fantastic opportunity in Santa Monica near Erewhon Market and great dining options on Wilshire Blvd! This 6-unit property features spacious living spaces, with 4 units offering 3 bedrooms each and 2 x 2 bedroom units. Ideal for investors looking to capitalize on high-demand rental units in a prime location. Don't miss out on this incredible investment opportunity!

Last Agent to Sell the Property

Joshua Barre

LA West Real Estate Inc. License #01222605 Listed on: 07/01/2024

Co-Listed By

Eric Caliboso

LA West Real Estate Inc. License #02008096

Last Buyer's Agent

Dan Ritter

License #00873502

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 7,013

Interior Spaces

  • 7,724 Sq Ft Home
  • 2-Story Property
  • Washer

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 14 Bathrooms

Parking

  • 12 Parking Spaces
  • Parking Garage Space

Additional Features

  • 7,013 Sq Ft Lot
  • Radiant Heating System

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 4267-006-029

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 7724
  • Lot Acreage: 0.1610
  • Stories: 2
  • Year Built: 1977
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 14.00
  • Equipment: Garbage Disposal, Dishwasher, Microwave, Washer, Range/Oven, Refrigerator
  • Price Per S Q F T: 400.70

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Community Garage
  • Total Parking: 12

Utilities

  • Heating: Radiant

Lot Info

  • Assessed Improvement Percent: 84.62
  • Assessed Improvement Value: 732816
  • Assessed Land Percent: 15.38
  • Assessed Land Value: 133208
  • Total Assessed Value: 866024
  • Assessor Parcel Number: 4267-006-029
  • Lot Size Area: 7013

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.61
  • Number Of Units: 6
  • Total Annual Expense: 72966
  • Type Of Units: Apartment
  • Vacancy Rate: 0

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2024 07/29/24 Sold $2,900,000 -6.3% $375 / Sq Ft
07/08/2024 07/08/24 Pending -- -- --
07/01/2024 07/01/24 For Sale $3,095,000 -- $401 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Joshua Barre

    LA West Real Estate Inc.

    (310) 935-4537

    1 in this area

    2 Total Sales

    Joshua Barre
    Section Image
  • Eric Caliboso

    Seller Co-Listing Agent in 2024

    Eric Caliboso

    LA West Real Estate Inc.

    (310) 866-9535

    1 in this area

    6 Total Sales

    Eric Caliboso
    Section Image

  • D

    Buyer's Agent in 2024

    Dan Ritter

See All Agents

Map

Source: The MLS

MLS Number: 24-410335

The MLS
California Los Angeles County Santa Monica 90404 Mid-City Santa Monica

1229 Princeton St, Santa Monica, CA

This home is located at 1229 Princeton St, Santa Monica, CA 90404 since 01 July 2024. This property was built in 1977. 1229 Princeton St is a home located in Los Angeles County with nearby schools including McKinley Elementary School, Lincoln Middle School, and Santa Monica High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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