848 19TH Street

    Santa Monica, CA 90403
    • $3,495,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: 18342186
    UPDATED: 35 min ago
    $3,495,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,322
      SQFT
    • $420
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    ** SOFT STORY RETROFIT is NOT REQUIRED ** - Rare opportunity to acquire a six unit apartment building located steps to Montana Ave in the heart of Santa Monica. Beautiful North of Wilshire street lined with iconic Santa Monica palm trees. Larger than similar buildings with 8,322 sf of living area (average of 1,400 sf per unit). All six units are big 3 bedrooms + 2 baths and each has a spacious private patio or balcony. Excellent parking with 8 individual carport spaces and 12 if used as tandem. Lot size is 8,000 sf with an alley, and approximate dimensions are 50x160. Separately metered for gas and electric. Some units have central heat. Over 65% upside rent potential. Property is subject to City of Santa Monica rent control. Inside with accepted offer. Please do not disturb tenants.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-21T15:30:35.263. 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/83424790

    848 19TH Street Santa Monica, CA 90403

    • Price: $3,495,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: 18342186
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    8,322
    SQFT
    $420
    $/SQFT
    1960
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    ** SOFT STORY RETROFIT is NOT REQUIRED ** - Rare opportunity to acquire a six unit apartment building located steps to Montana Ave in the heart of Santa Monica. Beautiful North of Wilshire street lined with iconic Santa Monica palm trees. Larger than similar buildings with 8,322 sf of living area (average of 1,400 sf per unit). All six units are big 3 bedrooms + 2 baths and each has a spacious private patio or balcony. Excellent parking with 8 individual carport spaces and 12 if used as tandem. Lot size is 8,000 sf with an alley, and approximate dimensions are 50x160. Separately metered for gas and electric. Some units have central heat. Over 65% upside rent potential. Property is subject to City of Santa Monica rent control. Inside with accepted offer. Please do not disturb tenants.
    Exterior Features

    Lot Size Dimensions 50X160 Lot Size Units Square Feet Parking Features Carport Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Laundry Features See Remarks

    Property Features

    Cap Rate 2.74 Electric Expense 718.00 Fuel Expense 1875.00 Gross Multiplier 19.70 Gross Operating Income 173108.00 Insurance Expense 6400.00 Laundry YN Yes Licenses Expense 1300.00 Maintenance Expense 18000.00 Net Operating Income 95925.00 Other Expense 500.00 Special Listing Conditions Standard Total Expenses 77183.00 Water Sewer Expense 5670.00 Zoning Smr2*

    Listing provided courtesy of David Schuchman of Roque & Mark Company, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-21T15:30:35.263. 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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