1028 Hill Street

    Santa Monica, CA 90405
    • $2,252,000
    • STATUS: Closed
    • ON SITE: 90 days
    • ID#: 18357106
    Sold - 09/11/2018
    $2,252,000
    SOLD - 09/11/2018
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,404
      SQFT
    • $662
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Extremely desirable fourplex on a quiet street, ten blocks from Santa Monica beach. Three of the units have tranquil private yards. All units have a laundry inside. Front unit is a charming 2 bedroom, 1 bath house with hardwood floors that is currently vacant with a projected of $4500 per month. There are two one-bedroom units opening to fenced yard with fruit trees. One large three bedroom, two bath upper unit above garages. There are eight assigned parking spaces. Property is under Santa Monica Rent Control. Ideal owner-user property or great investment opportunity with substantial rent increase potential. Two large duplexes on a large lot. CAP rate, GRM and NOI are projected, not actual.

    Sold by Michael Dobbs of Keller Williams Realty Santa.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-19T23:28:22.423. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84891345

    1028 Hill Street Santa Monica, CA 90405

    • Price: $2,299,000
    • Status: Closed
    • Updated: 48 min ago
    • ID#: 18357106
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    3,404
    SQFT
    $662
    $/SQFT
    1963
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Extremely desirable fourplex on a quiet street, ten blocks from Santa Monica beach. Three of the units have tranquil private yards. All units have a laundry inside. Front unit is a charming 2 bedroom, 1 bath house with hardwood floors that is currently vacant with a projected of $4500 per month. There are two one-bedroom units opening to fenced yard with fruit trees. One large three bedroom, two bath upper unit above garages. There are eight assigned parking spaces. Property is under Santa Monica Rent Control. Ideal owner-user property or great investment opportunity with substantial rent increase potential. Two large duplexes on a large lot. CAP rate, GRM and NOI are projected, not actual.
    Exterior Features

    Lot Size Units Square Feet Parking Features AssignedGarage - Single DoorCarport AttachedGarage - Two Door Parking YN Yes

    Interior Features

    Appliances Garbage DisposalRefrigerator Appliances YN Yes Cooling None Cooling YN No Laundry Features Washer IncludedDryer Included

    Property Features

    Cap Rate 4.55 Garage Income 1200.00 Gross Income 11086.00 Gross Multiplier 15.62 Gross Operating Income 147108.00 Gross Scheduled Income 133036.00 Improvements Amount 331170 Insurance Expense 3759.00 Land Value 1175659 Laundry YN Yes Licenses Expense 165.00 Maintenance Expense 3281.00 Net Operating Income 104690.00 Operating Expense 792.00 Pest Control Expense 648.00 Special Listing Conditions Standard Total Expenses 42418.00 Water Sewer Expense 3356.00 Zoning Smr2*

    Listing provided courtesy of Carla Winnie of Pacific Union International and Marc Chorin of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-19T23:28:22.423. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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