NOT LISTED FOR SALE

1537 Centinela Ave Unit 1 Santa Monica, CA 90404

Mid-City Santa Monica Neighborhood
13 Beds
13 Baths
7,156 Sq Ft
7,887 Sq Ft Lot

Last Sold December 31, 2018

Last sale price $2,600,000 $363 Per Sq Ft

116 Days on Market

About This Home

As of December 2018

We are proud to present this rare 7-unit apartment building located in the heart of Santa Monica. 1537 Centinela Avenue is a multi-family property constructed of wood framed stucco in 1969. The Property consists of a superior mix of One 1 bedroom / 1 bathroom and Six 2 bedroom / 2 bathroom units, with one 2 bedroom / 2 bathroom unit being delivered vacant. An onsite laundry room adds further income and creates a level of convenience for the residents. With significant upside in rents and future potential income from renting out the garages, a savvy investor will be able to increase the cash flow of the property up to 80%. The Property is located in the high-demand rental market of Santa Monica, walking distance to all major shopping and dining. Santa Monica has one of the highest rents in all of Los Angeles County.

Last Agent to Sell the Property

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 07/26/2018

Last Buyer's Agent

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 07/26/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 7,887 Sq Ft Lot

Parking

  • 10 Parking Spaces

Interior Spaces

  • 7,156 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 13 Bathrooms

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 4267-028-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7156
  • Stories: 2
  • Year Built: 1969
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 13
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 13.00
  • Den: 0
  • Price Per S Q F T: 363.33

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Total Parking: 10

Lot Info

  • Assessed Improvement Value: 319216
  • Assessed Land Value: 518915
  • Assessor Parcel Number: 4267-028-007
  • Geocode Override: No
  • Lot Size Area: 7887

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 18.65
  • Number Of Units: 7
  • Total Annual Expense: 54275
  • Type Of Units: Standard
  • Vacancy Rate: 15%

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
12/31/2018 12/31/18 Sold $2,600,000 0.0% $363 / Sq Ft
11/19/2018 11/19/18 Pending -- -- --
11/19/2018 11/19/18 Price Changed $2,600,000 -1.9% $363 / Sq Ft
08/28/2018 08/28/18 Price Changed $2,650,000 -3.6% $370 / Sq Ft
07/26/2018 07/26/18 For Sale $2,750,000 -- $384 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Filip Niculete

    Seller's Agent in 2018

    Filip Niculete

    Marcus & Millichap

    (818) 357-9525

    105 Total Sales

    Filip Niculete
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Map

Source: The MLS

MLS Number: 18-369232

The MLS
California Los Angeles County Santa Monica 90025 Mid-City Santa Monica

1537 Centinela Ave Unit 1, Santa Monica, CA

This home is located at 1537 Centinela Ave Unit 1, Santa Monica, CA 90404 since 26 July 2018. This property was built in 1969. 1537 Centinela Ave Unit 1 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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