1012 Hill Street

    Santa Monica, CA 90405
    • $3,898,000
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: 19527072
    UPDATED: 135 min ago
    $3,898,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,512
      SQFT
    • $599
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Rare opportunity to acquire an exceptionally maintained large 7-unit apartment building in the Ocean Park neighborhood of Santa Monica. Short drive to the beach and downtown Santa Monica, while also offering easy access to the 10-Fwy. All very large units with a fabulous mix, onsite laundry for additional income and tandem parking available for all units offering 2 spaces per unit. 4 of the units have been renovated, and 3 of the units have been rented in the last few months, leaving plenty additional upside in rents. Easy to manage and maintain, and could offer future development potential.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-20T00:28:59.483. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/100551533

    1012 Hill Street Santa Monica, CA 90405

    • Price: $3,898,000
    • Status: Active
    • Updated: 135 min ago
    • ID#: 19527072
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    6,512
    SQFT
    $599
    $/SQFT
    1964
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Rare opportunity to acquire an exceptionally maintained large 7-unit apartment building in the Ocean Park neighborhood of Santa Monica. Short drive to the beach and downtown Santa Monica, while also offering easy access to the 10-Fwy. All very large units with a fabulous mix, onsite laundry for additional income and tandem parking available for all units offering 2 spaces per unit. 4 of the units have been renovated, and 3 of the units have been rented in the last few months, leaving plenty additional upside in rents. Easy to manage and maintain, and could offer future development potential.
    Exterior Features

    Lot Size Units Square Feet Parking Features CarportAssigned Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Laundry Features See Remarks

    Property Features

    Cap Rate 3.64 Gross Multiplier 19.08 Gross Operating Income 205064.00 Improvements Amount 477467 Land Value 1114091 Laundry YN Yes Net Operating Income 141796.00 Special Listing Conditions Standard Total Expenses 63268.00 Zoning Smr2*

    Listing provided courtesy of Emil Golub of Keller Williams Beverly Hills


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-20T00:28:59.483. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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