647 Hill Street

    Santa Monica, CA 90405
    • $2,395,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: 19527048
    UPDATED: 36 min ago
    $2,395,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,660
      SQFT
    • $423
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1971
    County:

    School Ratings & Info

    Description

    Rare investor or owner/user opportunity in Santa Monica's coveted neighborhood of Ocean Park! Located west of Lincoln Blvd, this classic Santa Monica apartment building is in close proximity to the heart of Main Street's trendy shopping and restaurants destinations as well as the beach. This 5-plex features units with thoughtful floor plans which have been designed around a charming middle courtyard. All units have their own outdoor living spaces with the front two 2b/2b units having large terraces, the third 2b/2b in the back having a front patio and the two additional 1b/1b units having their own patio/balconies. The front two units have their own washer/dryer while the other three units utilize the communal laundry room. The building boasts 8 garage parking spaces including a 3 car garage for the lower front unit and 5 additional garage parking spaces in the back of the building. Please do not enter property without an appointment and do not disturb tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-20T00:28:59.483. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/100610840

    647 Hill Street Santa Monica, CA 90405

    • Price: $2,395,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: 19527048
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    5,660
    SQFT
    $423
    $/SQFT
    1971
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Rare investor or owner/user opportunity in Santa Monica's coveted neighborhood of Ocean Park! Located west of Lincoln Blvd, this classic Santa Monica apartment building is in close proximity to the heart of Main Street's trendy shopping and restaurants destinations as well as the beach. This 5-plex features units with thoughtful floor plans which have been designed around a charming middle courtyard. All units have their own outdoor living spaces with the front two 2b/2b units having large terraces, the third 2b/2b in the back having a front patio and the two additional 1b/1b units having their own patio/balconies. The front two units have their own washer/dryer while the other three units utilize the communal laundry room. The building boasts 8 garage parking spaces including a 3 car garage for the lower front unit and 5 additional garage parking spaces in the back of the building. Please do not enter property without an appointment and do not disturb tenants.
    Exterior Features

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

    Interior Features

    Appliances DisposalDishwasher Appliances YN Yes Cooling None Cooling YN No Fireplace Features Family Room Fireplace YN Yes

    Property Features

    Cap Rate 2.60 Gross Multiplier 20.00 Gross Operating Income 117085.00 Net Operating Income 61362.00 Special Listing Conditions Standard Total Expenses 55723.00 Zoning Smop2*

    Listing provided courtesy of Raphael Barragan of Douglas Elliman and Daniel John Cavanaugh of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-20T00:28:59.483. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
     
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