1419 Cloverfield

    Santa Monica, CA 90404
    • $1,395,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: 18359000
    $1,395,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,790
      SQFT
    • $779
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    *Price Reduced by $100,000. The property consists of a studio and a two story, two bedroom, two bathroom plus office owner's unit that has a private rooftop patio and roll up doors on each floor opening up the unit to lush landscaping. The studio can provide additional income to the owner. -A+ Location in the Heart of Santa Monica -Qualifies for Owner Occupied Rent Control Exemption -Completely Vacant Residential Asset -Strong Year-to-Year Appreciation -Ideal for an Owner-User or Long Term Investor -Residential Financing -Long Term Fixed Interest Rates The asset qualifies for the City's owner occupied rent control exemption. Located in the heart of Santa Monica, walking distance from the 26th Street/Bergamot Station Metro Expo Line, Bergamot Station, the Water Gardens, Colorado Station, and The Pen Factory.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-24T00:29:31.987. 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/85029427

    1419 Cloverfield Santa Monica, CA 90404

    • Price: $1,395,000
    • Status: Active
    • ID#: 18359000
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1,790
    SQFT
    $779
    $/SQFT
    1947
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    *Price Reduced by $100,000. The property consists of a studio and a two story, two bedroom, two bathroom plus office owner's unit that has a private rooftop patio and roll up doors on each floor opening up the unit to lush landscaping. The studio can provide additional income to the owner. -A+ Location in the Heart of Santa Monica -Qualifies for Owner Occupied Rent Control Exemption -Completely Vacant Residential Asset -Strong Year-to-Year Appreciation -Ideal for an Owner-User or Long Term Investor -Residential Financing -Long Term Fixed Interest Rates The asset qualifies for the City's owner occupied rent control exemption. Located in the heart of Santa Monica, walking distance from the 26th Street/Bergamot Station Metro Expo Line, Bergamot Station, the Water Gardens, Colorado Station, and The Pen Factory.
    Exterior Features

    Garage Spaces 2.00 Lot Size Source Estimated Lot Size Units Square Feet Parking Features Garage Parking Total 2.00 Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.76 Gross Multiplier 18.16 Gross Operating Income 76800.00 Improvements Amount 64661 Insurance Expense 806.00 Land Value 250611 Laundry YN Yes Maintenance Expense 800.00 Net Operating Income 52453.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Other Expense 600.00 Special Listing Conditions Standard Taxes Percent 1.25 Total Actual Rent 74496.00 Total Expenses 22043.00 Vacancy Allowance 2304 Vacancy Allowance Rate 3.00 Water Sewer Expense 2400.00 Zoning Smr2*

    Listing provided courtesy of Jonathan Nikfarjam of Cbc Advisors.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-24T00:29:31.987. 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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