1943 19Th.

    Santa Monica, CA 90404
    • $2,375,000
    • STATUS: Active
    • ON SITE: 128 days
    • ID#: OC18083092
    UPDATED: 78 min ago
    $2,375,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3
      SQFT
    • $791,667
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1999
    County:

    School Ratings & Info

    Description

    An excellent investment for either a 1031 buyer or an owner user. A pride of ownership three unit Investment property located in very desirable Santa Monica, CA. The property was built in 1999 and has an excellent unit mix of one three-bedroom/two-bathroom house and two two-bedroom/one-bathroom rear units. Located in Santa Monica, this property is conveniently located near Santa Monica College, major freeways, as well as to shopping, dining and entertainment hot spots. This two building offering is situated on a large lot and features seven gated parking spaces. The house and one of the two bedroom/one bath units both feature in-unit washer/dryers.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-18T09:28:01.913. 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/82510034

    1943 19Th. Santa Monica, CA 90404

    • Price: $2,375,000
    • Status: Active
    • Updated: 78 min ago
    • ID#: OC18083092
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    3
    SQFT
    $791,667
    $/SQFT
    1999
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    An excellent investment for either a 1031 buyer or an owner user. A pride of ownership three unit Investment property located in very desirable Santa Monica, CA. The property was built in 1999 and has an excellent unit mix of one three-bedroom/two-bathroom house and two two-bedroom/one-bathroom rear units. Located in Santa Monica, this property is conveniently located near Santa Monica College, major freeways, as well as to shopping, dining and entertainment hot spots. This two building offering is situated on a large lot and features seven gated parking spaces. The house and one of the two bedroom/one bath units both feature in-unit washer/dryers.
    Exterior Features

    Architectural Style ModernSpanish Construction Materials Stucco Fence YN Yes Fencing ElectricSecurity Foundation Details Raised Garage Spaces 2.00 Lot Features 2-5 Units/Acre Lot Size Units Square Feet Parking Total 9.00 Pool Features None Pool Private YN No Property Attached YN No Road Surface Type Alley PavedPaved Roof Flat

    Interior Features

    Appliances Built In RangeDishwasherGarbage DisposalGas Water HeaterRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 840 Average2 Bed Area Units Square Feet Average3 Bed Area 1330 Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Cooling YN Yes Fireplace Features BathDining RoomKitchenLiving RoomPatioElectricGas Fireplace YN Yes Flooring TileWood Heating Central FurnaceWall Heater Heating YN Yes Interior Features BalconyCathedral-Vaulted CeilingsCeiling FanGranite Counters Laundry Features Dryer IncludedGas & Electric Dryer HookupIndividual RoomWasher Included Levels Two Room Type All Bedrooms Down

    Property Features

    Accessibility Features Ramp - Main Level Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 2.30 Community Features CurbsGuttersSidewalksStreet LightingSuburban Country Us Electric 220V In Laundry Elevation Units Feet Gross Equity 1261000 Gross Income 81360.00 Gross Operating Income 80982.00 Gross Scheduled Income 80982.00 Insurance Expense 1107.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry YN Yes Maintenance Expense 600.00 Net Operating Income 57329.00 New Taxes Expense 21675.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number Of Units Leased 3 Operating Expense 24031.00 Operating Expense Percent 32.00 Other Income1 378.00 Present Loans 1239000 Property Sub Type Triplex Rent Control YN Yes Security Features Automatic Gate Senior Community YN No Special Listing Conditions Standard Tenant Pays TaxesTrash CollectionWater Total Actual Rent 77832.00 Total Expenses 24031.00 Trash Expense 649.00 Utilities Cable AvailablePhone AvailableWater Connected Vacancy Allowance 0 Vacancy Allowance Rate 0.00 Water Source Public

    Listing provided courtesy of Jake Fagenson of Marcus & Millichap Re Invest.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-18T09:28:01.913. 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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