707 Strand Street

    Santa Monica, CA 90405
    • $1,995,000
    • STATUS: Active
    • ON SITE: 17 days
    • ID#: 18361230
    Price Reduced
    UPDATED: 211 min ago
    $1,995,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,427
      SQFT
    • $582
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    REDUCED $600,000 - 5.24% ACTUAL CAP - 14.6 ACTUAL GRM - BEST DEAL IN SANTA MONICA - - Charming 5 unit complex just blocks from the beach in prime Silicon Beach Santa Monica. Unit mix of 4 one bedroom/one bathroom units and a under-market two bedroom/one bathroom unit, perfect for an owner-occupier. Lovely furnished patio in front of the building shared by all tenants. 3 units are recently renovated with quartz countertops, stainless steel appliances (fridge, range, microwave, and dishwasher), and copper plumbing. All units have in-unit washers and dryers. Building is subject to Santa Monica rent control ordinance and will be delivered 100% occupied, with approximately 38% upside in rents. Not subject to soft story retrofit (buyer to verify).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-21T00:30:57.283. 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/85287710

    707 Strand Street Santa Monica, CA 90405

    • Price: $1,995,000
    • Status: Active
    • Updated: 211 min ago
    • ID#: 18361230
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,427
    SQFT
    $582
    $/SQFT
    1958
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    REDUCED $600,000 - 5.24% ACTUAL CAP - 14.6 ACTUAL GRM - BEST DEAL IN SANTA MONICA - - Charming 5 unit complex just blocks from the beach in prime Silicon Beach Santa Monica. Unit mix of 4 one bedroom/one bathroom units and a under-market two bedroom/one bathroom unit, perfect for an owner-occupier. Lovely furnished patio in front of the building shared by all tenants. 3 units are recently renovated with quartz countertops, stainless steel appliances (fridge, range, microwave, and dishwasher), and copper plumbing. All units have in-unit washers and dryers. Building is subject to Santa Monica rent control ordinance and will be delivered 100% occupied, with approximately 38% upside in rents. Not subject to soft story retrofit (buyer to verify).
    Exterior Features

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

    Interior Features

    Appliances Garbage DisposalRefrigeratorFreezerDishwasher Appliances YN Yes Cooling None Cooling YN No Laundry Features Washer IncludedDryer Included

    Property Features

    Cap Rate 5.24 Gross Multiplier 14.60 Gross Operating Income 136329.00 Improvements Amount 412500 Land Value 1400000 Laundry YN Yes Net Operating Income 104516.00 Special Listing Conditions Standard Total Expenses 31811.00 Zoning Smop2

    Listing provided courtesy of Seppi Esfandi of R.E. Office Of Seppi Esfandi.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-21T00:30:57.283. 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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