$1,849,999
$250K PRICE DROP

Estimated payment $11,930/month

Total Views 6,385
11 Beds
6 Baths
4,628 Sq Ft
$400 Price per Sq Ft

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Will Rogers Elementary Rated A
  • Living Room
  • Central Heating

About This Home

Wow! Wow! Wow! What a Great Investment Property in the Heart of Santa Monica, Located in one of Santa Monica's most desirable areas! This Property offers Separate House and includes 4 units with 2 bedrooms and 1 bath each (Currently Occupied), featuring separate electric and gas meters for convenience and flexibility, Bottom 2 units have Washer/Dryer Hookups, Property also a spacious back house with 3 bedrooms and 2 bathrooms, Freshly Painted, New Flooring thru out House, Updated Kitchen, Updated Bathrooms in House, Inside Laundry Room, Upgraded Landscaping Front and Side, Located in near all that Santa Monica has to offer, Close to Freeways, Shopping, Entertainment Centers, Restaurants and so much more, this property offers both convenience and charm, making it an ideal investment. This one won't Last..

Listing Agent

Joe De La Torre

Legends Realty Brokerage Phone: 562-818-0971 License #01001150 Listed on: 02/13/2025

Co-Listing Agent

LaNisha Woodmore

Legends Realty Brokerage Phone: 562-818-0971 License #01510361

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959 | Remodeled

Lot Details

  • 7,998 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Fence is in good condition
  • Front Yard

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 4,628 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • 5 Carport Spaces

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 10 / 16
  • Tax Tract Number 7010
  • Assessor Parcel Number 4274019035

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $2,500
  • Water Sewer Expense $4,500
  • Operating Expense $7,000
  • Gross Income $158,604
  • Net Operating Income $132,226

Property Details

Home Type

Multi-Family

Year Built

Built in 1959 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.96
  • Inclusions: 3 Ring Cameras and 8 Surveillance Cameras
  • Price Per Unit: 370000
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 4500.00
  • Zoning: SMR2*
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4274019035
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 399.74
  • Room Type: Kitchen, Living Room

Exterior Features

  • Fence: Yes
  • Fencing: Good Condition, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 5.00
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Free-Standing Range, Disposal, Gas Water Heater, Water Heater
  • Heating Type: Central
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lot 6500-9999
  • Lot Size Sq Ft: 7998.00
  • Lot Size Acres: 0.1836

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 158604.00
  • Gross Multiplier: 11.98
  • Gross Scheduled Income: 158604.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 7998.0000 Square Feet
  • Net Operating Income: 132226.20
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 5
  • Operating Expense: 26377.80
  • Rent Control: No
  • Total Actual Rent: 7511.00
  • Total Expenses: 7000.00

Tax Info

  • Tax Block: 16
  • Tax Census Tract: 7018.02
  • Tax Lot: 10
  • Tax Tract Number: 7010

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
04/04/2025 04/04/25 Price Changed $1,849,999 -2.6% $400 / Sq Ft
03/11/2025 03/11/25 Price Changed $1,899,900 -9.5% $411 / Sq Ft
02/13/2025 02/13/25 For Sale $2,099,900 -- $454 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Similar Homes in Santa Monica, CA

  • 1925 Euclid St, Santa Monica, CA 90404

    $1,795,000

    • 9 Beds
    • 6 Baths
    • 4,482 Sq Ft
    • 1925 Euclid St
    • Santa Monica, CA

    2 vacant units!! Incredible investment opportunity and owner/user apartment building close to Santa Monica College. There are two separate buildings - side by side one story one bedroom cottages (one is vacant) in the rear of the property and a two story 4 unit building (upper front 2 bedroom apartment is vacant) in front. Off the alley there are 5 side by side open parking spaces. Stairs and

    Stacey Valnes Create

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25032021

California Regional Multiple Listing Service (CRMLS)