402 Pacific Street

    Santa Monica, CA 90405
    • $3,850,000
    • STATUS: Active
    • ON SITE: 35 days
    • ID#: 18353478
    UPDATED: 62 min ago
    $3,850,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,780
      SQFT
    • $1,019
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    402 Pacific is a 1954 apartment building in an exclusive, irreplaceable prime location. This 6 unit apartment building sits on the corner of Pacific and 4th St and is just four blocks from the beach. Five out of the Six units have gone through an extensive rehab with top of the line finishes. The Three Townhouse units are brand new construction. The subject property consists of Three One Bedroom/One Bathroom Flats and Three One Bedroom/One and One Half Bathroom Townhouses. Two of the One Bedroom flats (approximately 360 square feet) have been completely gutted and remodeled with hardwood floors throughout, caeserstone countertops and stainless steel appliances, central air/heat, washer/dryer inside the unit, a camera security system, and brand new bathrooms with tile/glass showers. The Three Townhouse units that are approximately 750, 900, and 900 square feet have all similar upgrades and each have their own private decks outside of the master bedrooms and large walk in closets.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-20T15:31:29.373. 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/84646455

    402 Pacific Street Santa Monica, CA 90405

    • Price: $3,850,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 18353478
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,780
    SQFT
    $1,019
    $/SQFT
    1954
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    402 Pacific is a 1954 apartment building in an exclusive, irreplaceable prime location. This 6 unit apartment building sits on the corner of Pacific and 4th St and is just four blocks from the beach. Five out of the Six units have gone through an extensive rehab with top of the line finishes. The Three Townhouse units are brand new construction. The subject property consists of Three One Bedroom/One Bathroom Flats and Three One Bedroom/One and One Half Bathroom Townhouses. Two of the One Bedroom flats (approximately 360 square feet) have been completely gutted and remodeled with hardwood floors throughout, caeserstone countertops and stainless steel appliances, central air/heat, washer/dryer inside the unit, a camera security system, and brand new bathrooms with tile/glass showers. The Three Townhouse units that are approximately 750, 900, and 900 square feet have all similar upgrades and each have their own private decks outside of the master bedrooms and large walk in closets.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Cooling Central Cooling YN Yes Laundry Features Washer Included

    Property Features

    Cap Rate 4.00 Gross Multiplier 16.94 Gross Operating Income 222689.00 Improvements Amount 569554 Land Value 1335865 Laundry YN Yes Net Operating Income 154136.00 Special Listing Conditions Standard Total Expenses 68554.00 Zoning Smop2*

    Listing provided courtesy of Brett Sanson of Marcus & Millichap and Jeffrey Louks of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-20T15:31:29.373. 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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