NOT LISTED FOR SALE
4 Beds
6 Baths
3,272 Sq Ft
7,496 Sq Ft Lot

Last Sold June 12, 2013

Last sale price $1,850,000 $565 Per Sq Ft

27 Days on Market

Highlights

  • Forced Air Heating System
  • Roosevelt Elementary School Rated A+
  • 5 Car Garage

About This Home

As of June 2013

All offers to be reviewed on Tuesday, May 21st. Tremendous opportunity to purchase a 5 unit apartment building located steps to Montana Ave in the heart of Santa Monica. Just 9 blocks to the beach. Unique Owner/User building with a 3 bedroom + 1.75 baths Craftsman style front house that will be delivered vacant. Major fixer, so bring your contractor and make it yours. Home is currently vacant, rent is projected. Four rear units consisting of (2) upper 1 bedroom + 1 bath, and (2) lower studio units. Approx. 25 % upside rent potential. 3 private garages accessed from the alley, with 2 garages delivered vacant. Located in the Roosevelt School District. Property subject to City of Santa Monica rent control. Please do not disturb tenants.

Last Agent to Sell the Property

David Schuchman

Roque & Mark Company, Inc. License #01472937 Listed on: 05/01/2013

Last Buyer's Agent

David Schuchman

Roque & Mark Company, Inc. License #01472937 Listed on: 05/01/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 7,496 Sq Ft Lot
  • Lot Dimensions are 50x150

Interior Spaces

  • 3,272 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Parking

  • 5 Car Garage
  • Driveway

Utilities

  • Forced Air Heating System
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 4281-032-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3272
  • Lot Dimensions: 50x150
  • Stories: 2
  • Year Built: 1925
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 6.00
  • Den: 0
  • Price Per S Q F T: 481.36

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Driveway, Garage
  • Total Parking: 5

Utilities

  • Heating: Forced Air, Wall

Lot Info

  • Assessed Improvement Value: 26526
  • Assessed Land Value: 138373
  • Assessor Parcel Number: 4281-032-006
  • Geocode Override: No
  • Lot Size Area: 7496

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 16.63
  • Number Of Units: 5
  • Rent Control: 100
  • Total Annual Expense: 32200
  • Type Of Units: apartment
  • Vacancy Rate: 3%

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
06/12/2013 06/12/13 Sold $1,850,000 +17.5% $565 / Sq Ft
05/28/2013 05/28/13 Pending -- -- --
05/01/2013 05/01/13 For Sale $1,575,000 -- $481 / 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: 13-669313

The MLS