NOT LISTED FOR SALE
13 Beds
8 Baths
3,777 Sq Ft
7,505 Sq Ft Lot

Last Sold June 26, 2018

Last sale price $1,900,000 $503 Per Sq Ft

241 Days on Market

Highlights

  • Ceiling Fan
  • 1-Story Property
  • 4-minute walk to Euclid Park
  • Roosevelt Elementary School Rated A+

About This Home

As of June 2018

Rare opportunity to acquire (2) two side by side properties spanning just under 15,000 square feet of land consisting of an (8) unit Apartment Complex and a (2) unit Duplex in beautiful Santa Monica, California. This rare assemblage will offer new ownership the option to have a cash-flowing asset while entitling a new construction apartment/condo project or an opportunity for an investor to capture the significant upside in rents with the existing 10 units. Generational asset with endless opportunity. Ideal developer or investor 1031 Exchange. Subject properties are centered in a prime Santa Monica location. In close proximity to (less than one mile) Santa Monica Beach, the pier, Third Street Promenade, Santa Monica Place and the new Expo Light Rail Metro line. Trust Sale / Court Confirmation Required. Must be sold with neighboring property (1448 12th Street).

Last Agent to Sell the Property

Chris Huddleston

The Sher Group License #01939516 Listed on: 08/07/2017

Last Buyer's Agent

Christopher Huddleston

The Sher Group License #01939516

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 7,505 Sq Ft Lot

Parking

  • On-Street Parking

Interior Spaces

  • 3,777 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 8 Bathrooms

Community Details

  • 4 Buildings
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 4282-024-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 3777
  • Probate: Yes
  • Stories: 1
  • Year Built: 1925
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 13
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Price Per S Q F T: 595.71

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Parking Garage: On street

Utilities

  • Cooling: Ceiling Fan

Lot Info

  • Assessor Parcel Number: 4282-024-012
  • Geocode Override: No
  • Lot Size Area: 7505

Rental Info

  • Court Approve: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Number Of Units: 8
  • Total Annual Expense: 0
  • Type Of Units: Multi-Family
  • Vacancy Rate: 0

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
06/26/2018 06/26/18 Sold $1,900,000 -15.6% $503 / Sq Ft
03/13/2018 03/13/18 Price Changed $2,250,000 -10.0% $596 / Sq Ft
08/07/2017 08/07/17 For Sale $2,500,000 -- $662 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 17-258834

The MLS