1528 11TH Street , A

    Santa Monica, CA 90401
    • $3,250,000
    • STATUS: Active
    • ON SITE: 329 days
    • ID#: CV17173992
    UPDATED: 82 min ago
    $3,250,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,414
      SQFT
    • $507
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    ***LOCATION, LOCATION, LOCATION****GREAT OPPORTUNITY TO ACQUIRE THIS BEAUTIFUL BUILDING COMPLEX WITH 6 APARTMENTS, LOCATED IN THE HEART OF THIS AMAZING BEACH CITY OF SANTA MONICA,WITHIN WALKING DISTANCE TO 3RD STREET PROMENADE, SANTA MONICA COLLEGE, THE METRO LINE AND THE WORLD FAMOUS SANTA MONICA PIER! ALL UNITS ARE LARGE AND HAVE BEEN WELL MAINTAINED THROUGHOUT THE YEARS WITH THE PRIDE OF OWNERSHIP. THE UNITS SIT ON A LOT THATS OVER 7,400SQ.FT.AND THE BUILDING AREA IS ABOUT 6.414 SQ.FT.BUILT IN 1962 AND IT'S STILL IN MINT CONDITION, IT CONSISTS OF 1-3BR/2BA 4-2BR/1BA AND 1-1BR/1BA AND ALL ARE LARGE APTS!!GREAT LOCATION WITH A STRONG RENTAL UPSIDE FOR THE L.A. MARKET, FOR INCREASING RENTS SIGNIFICANTLY UPON ALL FUTURE VACANCIES!!**BUYER ACKNOWLEDGES THAT SELLERS INTENDS TO EXERCISE THE RIGHT TO PERFORM A TAX -DEFERRED EXCHANGE PURSUANT TO SECTION 1031 OF THE INTERNAL REVENUE CODE. BUYER AGREES TO COOPERATE IN SUCH EXCHANGE PROVIDED THAT BUYER INCURS NO COST OR LIABILITY ****

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T15:27:49.687. 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/75273534

    1528 11TH Street , A Santa Monica, CA 90401

    • Price: $3,250,000
    • Status: Active
    • Updated: 82 min ago
    • ID#: CV17173992
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,414
    SQFT
    $507
    $/SQFT
    1962
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    ***LOCATION, LOCATION, LOCATION****GREAT OPPORTUNITY TO ACQUIRE THIS BEAUTIFUL BUILDING COMPLEX WITH 6 APARTMENTS, LOCATED IN THE HEART OF THIS AMAZING BEACH CITY OF SANTA MONICA,WITHIN WALKING DISTANCE TO 3RD STREET PROMENADE, SANTA MONICA COLLEGE, THE METRO LINE AND THE WORLD FAMOUS SANTA MONICA PIER! ALL UNITS ARE LARGE AND HAVE BEEN WELL MAINTAINED THROUGHOUT THE YEARS WITH THE PRIDE OF OWNERSHIP. THE UNITS SIT ON A LOT THATS OVER 7,400SQ.FT.AND THE BUILDING AREA IS ABOUT 6.414 SQ.FT.BUILT IN 1962 AND IT'S STILL IN MINT CONDITION, IT CONSISTS OF 1-3BR/2BA 4-2BR/1BA AND 1-1BR/1BA AND ALL ARE LARGE APTS!!GREAT LOCATION WITH A STRONG RENTAL UPSIDE FOR THE L.A. MARKET, FOR INCREASING RENTS SIGNIFICANTLY UPON ALL FUTURE VACANCIES!!**BUYER ACKNOWLEDGES THAT SELLERS INTENDS TO EXERCISE THE RIGHT TO PERFORM A TAX -DEFERRED EXCHANGE PURSUANT TO SECTION 1031 OF THE INTERNAL REVENUE CODE. BUYER AGREES TO COOPERATE IN SUCH EXCHANGE PROVIDED THAT BUYER INCURS NO COST OR LIABILITY ****
    Exterior Features

    Architectural Style Contemporary Carport Spaces 4.00 Construction Materials Drywall WallsStucco Fence YN Yes Fencing BlockWrought Iron Foundation Details Pillar/Post/PierSlab Garage Spaces 0.00 Lot Features Level With StreetNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Attached Parking Total 6.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Road Surface Type Alley Paved Roof Composition View Neighborhood View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Flooring CarpetVinyl Heating Wall Heater Heating YN Yes Interior Features Recessed LightingTile Counters Laundry Features Gas & Electric Dryer Hookup Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksStorm DrainsStreet Lighting Country Us Electric Expense 2100.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 118428.00 Gross Scheduled Income 118428.00 Insurance Expense 2200.00 Land Lease YN No Laundry YN Yes Licenses Expense 1300.00 Maintenance Expense 4000.00 Net Operating Income 83359.00 New Taxes Expense 14200.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 6 Operating Expense 32700.00 Other Expense 1300.00 Other Expense Description Pro Svcs Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Supplies Expense 1500.00 Total Expenses 34424.00 Trash Expense 824.00 Vacancy Allowance Rate 2.00 Water Sewer Expense 7000.00 Water Source Public Year Built Source Assessor Zoning Smr3*

    Listing provided courtesy of Peter Mendez of Re/Max Top Producers.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T15:27:49.687. 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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