NOT LISTED FOR SALE

1444 15th St Santa Monica, CA 90404

Pico Neighborhood
16 Beds
14 Baths
8,207 Sq Ft
7,505 Sq Ft Lot

Last Sold December 06, 2018

Last sale price $3,035,000 $370 Per Sq Ft

437 Days on Market

Highlights

  • Wood Flooring
  • 5-minute walk to 17 St/ Smc
  • No HOA
  • McKinley Elementary School Rated A
  • Granite Countertops
  • 3-minute walk to Euclid Park

About This Home

As of December 2018

A rare and incredible investment opportunity! Ability to purchase 7 units, conforming complex located in prestigious Santa Monica 3rd Street Promenade neighborhood close to restaurants, shops, Metro Line and Santa Monica Pier. The building square foot is 8,207, and it was built in 1962, It features (2) 3 Beds/2 Baths and (5) 2 Beds/1.5 Baths. Two of the front units have fireplaces. One unit is completely remodeled with new cabinets, remodeled bathrooms, kitchen granite countertops and wood flooring throughout. Two units are half remodeled with new wood flooring and kitchen granite countertops. Total parking is 7, and it is a mix of carport and garages. 2 front car garages. One garage is rented separately to outside person for storage, and the other garage is rented to a tenant. There are two driveway parking spaces located in the front of the building. Behind the building is carport with a total of 5 spaces. Onsite community laundry facility for the tenant's convenience. These units are spacious with open floor plans, and there is a wonderful unique charm each unit represents.

Last Agent to Sell the Property

Ramsey Oliveras

Estate Properties License #01141551 Listed on: 08/18/2017

Estate Properties

Last Buyer's Agent

Ramsey Oliveras

Estate Properties License #01141551 Listed on: 08/18/2017

Estate Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962 | Remodeled

Lot Details

  • 7,505 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • East Facing Home
  • Landscaped
  • Front Yard

Parking

  • 3 Car Garage
  • 2 Open Parking Spaces
  • 5 Attached Carport Spaces
  • Parking Available
  • Front Facing Garage
  • Rear-Facing Garage
  • Two Garage Doors
  • Driveway

Home Design

  • Property Attached
  • Flat Roof Shape
  • Slab Foundation

Interior Spaces

  • 8,207 Sq Ft Home
  • Skylights
  • Blinds
  • Window Screens
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Granite Countertops
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 16 Bedrooms
  • Mirrored Closets Doors
  • 14 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Living Room Balcony

Utilities

  • Wall Furnace
  • Sewer Paid
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block I / 160
  • Tax Tract Number 7017
  • Assessor Parcel Number 4282021009

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $641
  • Fuel Expense $2,212
  • Gardener Expense $1,070
  • Insurance Expense $3,746
  • Maintenance Expense $3,899
  • Pest Control $413
  • Professional Management Expense $8,358
  • Water Sewer Expense $4,091
  • New Taxes Expense $8,054
  • Operating Expense $33,992
  • Gross Income $6,349
  • Net Operating Income $138,199

Property Details

Home Type

Multi-Family

Year Built

Built in 1962 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 4.24
  • Improvements Amount: 421553
  • Professional Management Expense: 8358.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 4091.00
  • Zoning: SMR3*
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 1070.00
  • Parcel Number: 4282021009
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Balcony, Granite Counters, Living Room Balcony, Tile Counters
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Wood
  • Door Features: Mirror Closet Door(s)
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 369.81
  • Room Type: Master Bathroom, Master Bedroom
  • Window Features: Blinds, Screens, Skylight(s)

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Fence: No
  • Pool Private: No
  • Roof: Flat, Other
  • Spa: No
  • Construction Materials: Unknown

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway, Concrete, Garage, Garage Faces Front, Garage Faces Rear, Garage - Two Door, Uncovered
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community, Individual Room
  • Pest Control Expense: 413.00
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value: 1672164
  • Lot Features: Front Yard, Landscaped, Lot 6500-9999
  • Lot Size Sq Ft: 7505.00
  • Lot Size Acres: 0.1723

Rental Info

  • Garage Rental Rate: 200.00
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 640.89
  • Fuel Expense: 2212.00
  • Garage Income: 4800.00
  • Gross Income: 6349.00
  • Gross Multiplier: 18.36
  • Gross Operating Income: 172191.00
  • Gross Scheduled Income: 177517.00
  • Gross Spendable Income: 138199.00
  • Insurance Expense: 3746.00
  • Laundry Income: 349.00
  • Lot Size Area: 7505.0000 Square Feet
  • Maintenance Expense: 3899.00
  • Net Operating Income: 138199.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 33992.00
  • Operating Expense Percent: 19.00
  • Other Income1: 1200.00
  • Other Income Description: Back Garage Storage Rent
  • Rent Control: Yes
  • Total Actual Rent: 14264.00
  • Total Expenses: 33992.00
  • Vacancy Allowance: 5326
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 8054.00
  • Tax Block: 160
  • Tax Census Tract: 7017.02
  • Tax Lot: I
  • Tax Tract Number: 7017

Range of Values:

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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
12/06/2018 12/06/18 Sold $3,035,000 -6.9% $370 / Sq Ft
10/29/2018 10/29/18 Pending -- -- --
09/22/2018 09/22/18 Price Changed $3,259,000 -5.1% $397 / Sq Ft
07/26/2018 07/26/18 Price Changed $3,435,000 -10.1% $419 / Sq Ft
04/18/2018 04/18/18 Price Changed $3,821,850 -5.0% $466 / Sq Ft
01/29/2018 01/29/18 Price Changed $4,023,000 -10.0% $490 / Sq Ft
10/02/2017 10/02/17 Price Changed $4,470,000 -5.6% $545 / Sq Ft
08/18/2017 08/18/17 For Sale $4,735,000 -- $577 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ramsey Oliveras

    Seller's Agent in 2018

    Ramsey Oliveras

    RE/MAX

    (310) 378-5533

    24 Total Sales

    Ramsey Oliveras
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV17182698

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Santa Monica 90404 Pico

1444 15th St, Santa Monica, CA

This home is located at 1444 15th St, Santa Monica, CA 90404 since 18 August 2017. This property was built in 1962. 1444 15th 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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