1417 17TH Street

    Santa Monica, CA 90404
    • $3,750,000
    • STATUS: Active
    • ON SITE: 61 days
    • ID#: 18331788
    UPDATED: 16 min ago
    $3,750,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    Six unit complex consists of a single family residence & 5 one bedroom units. The seller will deliver the front house with a brand new 2nd story addition. The architectural design will be a cool Modern style home. The seller has ready to issue (RTI) permits and will start construction soon. The new construction property will consist of 5 bedrooms and 4 baths. In addition to the single family home, there are five additional one bedroom and one bath units. Four are currently rented and the other has just been newly renovated and should get top rent. There are a total of three structures on the property. Currently there are 8 parking spaces. Four are garage covered. Great opportunity to get a newly done home with 5 additional rents. See attached rent roll, expenses and new construction renderings in docs.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-18T09:25:14.18. 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/82672645

    1417 17TH Street Santa Monica, CA 90404

    • Price: $3,750,000
    • Status: Active
    • Updated: 16 min ago
    • ID#: 18331788
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1940
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Six unit complex consists of a single family residence & 5 one bedroom units. The seller will deliver the front house with a brand new 2nd story addition. The architectural design will be a cool Modern style home. The seller has ready to issue (RTI) permits and will start construction soon. The new construction property will consist of 5 bedrooms and 4 baths. In addition to the single family home, there are five additional one bedroom and one bath units. Four are currently rented and the other has just been newly renovated and should get top rent. There are a total of three structures on the property. Currently there are 8 parking spaces. Four are garage covered. Great opportunity to get a newly done home with 5 additional rents. See attached rent roll, expenses and new construction renderings in docs.
    Exterior Features

    Construction Materials Stucco Direction Faces West Garage Spaces 4.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Roof Composition View None View YN No

    Interior Features

    Cooling Wall Window Cooling YN Yes Fireplace Features None Fireplace YN No Laundry Features Outside Room Type See Remarks

    Property Features

    Cap Rate 4.59 Gross Multiplier 18.30 Gross Operating Income 204300.00 Improvements Amount 306000 Land Value 1734000 Laundry YN Yes Net Operating Income 172437.00 Special Listing Conditions Standard Total Expenses 31862.00 Zoning Smr2*

    Listing provided courtesy of Paul Hessell of Coldwell Banker Residential Br.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-18T09:25:14.18. 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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