NOT LISTED FOR SALE

1437 Harvard St Santa Monica, CA 90404

Mid-City Santa Monica Neighborhood
9 Beds
9 Baths
5,098 Sq Ft
9,021 Sq Ft Lot

Last Sold July 29, 2019

Last sale price $2,937,500 $576 Per Sq Ft

63 Days on Market

About This Home

As of July 2019

Built in 1956, this 7-unit property is located on 9,021 SF lot in the Mid-City Santa Monica neighborhood. The two-story building features one-bedroom and two-bedroom units.This offering presents an investor the opportunity to capture over 17% rental upside through renovations. Two of the one-bedroom units shall be delivered vacant at the close of escrow. The subject property has nine total parking spaces with no soft-story work required.Santa Monica remains one of the most desirable addresses for both living and working. With a median household income of over $100,000 and average home value of $1.1 million, the demand for apartment units increases year-over-year.The Mid-City Santa Monica neighborhood continues to grow at a rapid pace and attracts high-end residents with the unparalleled access to employment opportunities and entertainment amenities. The subject property has a walk score of 88 and the location allows for a quick commute to Downtown Santa Monica and Los Angel

Last Agent to Sell the Property

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 04/11/2019

Last Buyer's Agent

Zee EZeeDoesIT

Real Estate eBroker Inc. License #01828051

Real Estate eBroker Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 9,021

Interior Spaces

  • 5,098 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Parking

  • 1 Open Parking Space
  • 9 Parking Spaces
  • 8 Carport Spaces

Additional Features

  • 9,021 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 4267-019-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 5098
  • Price Per Unit: 428571.00
  • Stories: 2
  • Year Built: 1956
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 9.00
  • Den: 0
  • Equipment: Refrigerator
  • Price Per S Q F T: 588.47

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Carport Spaces: 8
  • Other Spaces: 1
  • Parking Garage: Carport
  • Total Parking: 9

Utilities

  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 4267-019-016
  • Geocode Override: No
  • Lot Size Area: 9021

Rental Info

  • Total Actual Rent: 16142.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 15.45
  • Number Of Units: 7
  • Total Annual Expense: 56024
  • Type Of Units: Apartment
  • Vacancy Allow Percent: 2.00
  • Vacancy Rate: 28.57%

Tax Info

  • Tax Percent: 1.13
  • Tax Rate Year: 2019

Range of Values:

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Average Value
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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 Change Sq Ft Price
07/29/2019 07/29/19 Sold $2,937,500 -2.1% $576 / Sq Ft
04/11/2019 04/11/19 For Sale $3,000,000 -- $588 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2019

    Neema Ahadian

    Marcus & Millichap

    (213) 943-1800

    93 Total Sales

    Neema Ahadian
    Section Image
  • Zee EZeeDoesIT

    Buyer's Agent in 2019

    Zee EZeeDoesIT

    Real Estate eBroker Inc.

    (310) 261-2543

    15 Total Sales

    Zee EZeeDoesIT
    Section Image
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Map

Source: The MLS

MLS Number: 19-456682

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

1437 Harvard St, Santa Monica, CA

This home is located at 1437 Harvard St, Santa Monica, CA 90404 since 11 April 2019. This property was built in 1956. 1437 Harvard St is a home located in Los Angeles County with nearby schools including McKinley Elementary School, Lincoln Middle School, and Santa Monica High School.

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