$2,150,000
$150K PRICE DROP

Estimated payment $13,683/month

Total Views 4,733
6 Beds
4 Baths
3,123 Sq Ft
$688 Price per Sq Ft

Highlights

  • Recreation Room
  • Card or Code Access
  • Gated Home
  • McKinley Elementary School Rated A
  • 1-Story Property

About This Home

We thrilled to offer an exclusive opportunity to acquire 1453 Centinela Avenue, a beautiful gated 4-Unit Apartment building located in the Mid-City Submarket of Santa Monica. Built in 1939, 1453 Centinela Avenue has been well managed with quality renovations within each unit while still maintaining its vintage character. The opportunity sits on a 7,566 Square Feet lot with a total of Two Structures. The front Duplex contains (2) One Bedroom One Bathroom units while the back Duplex consists of (1) Two Bedroom One Bathroom unit and (1) One Bedroom One Bathroom unit. Additionally, there is an additional living space within the back structure that has the possibility to be converted to an ADU. This is a studio styled space with a wet bar, bathroom, and is separately metered. Lastly, the property contains (4) one car garages on site that could provide additional value add ability, buyer to verify. Conveniently located just south of Santa Monica Blvd, tenants of 1453 Centinela Avenue have no shortage of things to do. From vibrant nightlife to an ample selection of fine dining, daily necessities, and retail amenities. Providing easy access to all that Santa Monica has to offer as well as seamless transit to the surrounding West Los Angeles area. 1453 Centinela Avenue offers a unique opportunity to traditional or owner-occupied investors to acquire a quality asset with the opportunity to capitalize on additional value that can be added.

Listing Agent

John Boyett

CBRE License #02056759 Listed on: 04/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,875

Year Built

  • Built in 1939

Lot Details

  • 7,568 Sq Ft Lot
  • Gated Home

Interior Spaces

  • 3,123 Sq Ft Home
  • 1-Story Property
  • Recreation Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 4267-015-023

Community Details

Overview

  • 2 Buildings
  • 4 Units

Security

  • Card or Code Access

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,875

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 3123
  • Lot Acreage: 0.1737
  • Price Per Unit: 537500.00
  • Year Built: 1939
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Price Per S Q F T: 688.44

Exterior Features

  • Other Structures: Other

Utilities

  • Cooling: Air Conditioning
  • Security: Card/Code Access, Gated

Lot Info

  • Assessed Improvement Percent: 30.08
  • Assessed Improvement Value: 593028
  • Assessed Land Percent: 69.92
  • Assessed Land Value: 1378530
  • Total Assessed Value: 1971558
  • Assessor Parcel Number: 4267-015-023
  • Lot Size Area: 7568

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.58
  • Number Of Units: 4
  • Total Annual Expense: 43091
  • Type Of Units: Dwellings
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,875 $2,010,988 $1,406,100 $604,888
2024 $23,875 $1,971,558 $1,378,530 $593,028
2023 $23,492 $1,932,900 $1,351,500 $581,400
2022 $8,866 $666,216 $515,598 $150,618
2021 $8,614 $653,154 $505,489 $147,665
2019 $8,456 $634,163 $490,497 $143,666
2018 $7,926 $621,737 $480,880 $140,857
2016 $7,606 $597,230 $462,207 $135,023
2015 $7,503 $588,260 $455,265 $132,995
2014 $7,431 $576,737 $446,347 $130,390
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 Price Changed $2,150,000 -4.4% $688 / Sq Ft
06/03/2025 06/03/25 Price Changed $2,250,000 -2.2% $720 / Sq Ft
04/02/2025 04/02/25 For Sale $2,300,000 -- $736 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,900,000 Fidelity National Title
Interfamily Deed Transfer -- --
Grant Deed $460,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $750,000 New Conventional
Previous Owner $370,000 Unknown
Previous Owner $374,000 Unknown
Previous Owner $368,000 No Value Available
Source: Public Records

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Source: The MLS

MLS Number: 25519829

The MLS

APN: 4267-015-023