$2,500,000
UNDER CONTRACT $250K PRICE DROP

Estimated payment $16,360/month

Total Views 6,157
12 Beds
12 Baths
7,336 Sq Ft
$341 Price per Sq Ft

Highlights

  • Park
  • 4-minute walk to 17 St/ Smc
  • Landscaped
  • McKinley Elementary School Rated A
  • Laundry Room
  • 2-minute walk to Euclid Park

About This Home

Nice 9 Unit building located in nice area of Santa Monica. Property has (1) Large Three bedroom, 2 Bath. unit. (1) Two Bedroom, One and a half Bath. and (7) One Bedroom and One Bath units Clean street with multiple apartment buildings. Three garages in front and 4 parking stalls in the rear. Close to transportation and shopping. 13 blocks from the pier and ocean. 3 Units will be vacant. Offers subject to interior inspection Great upside. Good building for a 1031 deferred exchange.

Listing Agent

Michael Johnson

Realty Executives All Cities Brokerage Phone: 310 968-6583 License #00886898

Realty Executives All Cities

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,490 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Level Lot

Parking

  • 3 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 7,336 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tax Lot O
  • Tax Tract Number 1
  • Assessor Parcel Number 4282033014

Community Details

Recreation

  • Park
  • Bike Trail

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $7,607
  • Fuel Expense $1,872
  • Gardener Expense $1,440
  • Insurance Expense $4,096
  • Maintenance Expense $3,000
  • Other Expense $2,100
  • Professional Management Expense $2,974
  • Water Sewer Expense $7,800
  • New Taxes Expense $34,375
  • Operating Expense $71,023
  • Gross Income $211,561
  • Net Operating Income $148,338

Additional Features

  • 9 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 277778
  • Professional Management Expense: 2974.00
  • Property Attached: Yes
  • Water Sewer Expenses: 7800.00
  • Zoning: SMM1*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1440.00
  • Parcel Number: 4282033014
  • Year Built: 1960
  • Special Features: UnderContract

Interior Features

  • Stories: 2
  • Entry Location: Street
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Fireplace Features: Gas
  • Levels: Two
  • Price Per Square Foot: 340.79

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Park, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Level with Street, Lot 6500-9999, Walkstreet
  • Lot Size Sq Ft: 7490.00
  • Lot Size Acres: 0.1719

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 783 Square Feet
  • Average2 Bed Area: 850 Square Feet
  • Average3 Bed Area: 1000 Square Feet
  • Electric Expense: 7607.00
  • Fuel Expense: 1872.00
  • Gross Income: 211561.00
  • Gross Operating Income: 211561.00
  • Gross Scheduled Income: 222696.00
  • Insurance Expense: 4096.00
  • Lot Size Area: 7490.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 148338.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 71023.00
  • Other Expense: 2100.00
  • Other Expense Description: Assoc.
  • Rent Control: Yes
  • Total Expenses: 71023.00
  • Vacancy Allowance: 11135
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 34375.00
  • Tax Census Tract: 7017.02
  • Tax Lot: O
  • Tax Tract Number: 1

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

Property History

Date Event Price Change Sq Ft Price
01/13/2025 01/13/25 For Sale $2,500,000 0.0% $341 / Sq Ft
12/31/2024 12/31/24 Sold $2,500,000 0.0% $341 / Sq Ft
08/13/2024 08/13/24 Price Changed $2,500,000 -7.4% $341 / Sq Ft
05/29/2024 05/29/24 Price Changed $2,700,000 -1.8% $368 / Sq Ft
03/15/2024 03/15/24 For Sale $2,750,000 -- $375 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS24052918

California Regional Multiple Listing Service (CRMLS)