$2,750,000 Price Analysis   ♡   Santa Monica, CA 90404 12 bed 12 bath 7,336 SqFt ($374/SqFt) 7,490SqFt lot. Built 1960 Listed 2024-03-15, Taxes $18,205 | Ⓧ USDA Ineligible due to price & location near Santa Monica |
Nice 9 Unit building located in nice area of Santa Monica.
Property has (1) Large Three bedroom, 2 Bath. unit. (1) Two Bedroom, One and a hlf Bath. and (7) One Bedroom and One Bath units Clean street with multiple apa rtment buildings.
Three garages in front and 4 parking stalls in the rear. Close to transportation and shopping. 13 blocks from the pier and ocean. 5 Units will be vacant. One tenant might want to stay out of the 5 units. Great upside. Good building for a 1031 deferred exchange.
Presented by Michael Johnson at
Realty Executives-All Cities.
Property MLS #RS24052918 from CRMLS
Bedrooms: 12
Laundry Features: Common Area
Full Bathrooms: 12
Fireplace Features: Gas
Heating Features: Wall Furnace
Heating: Yes
Heating Features: Wall Furnace
Heating: Yes
Lot Description: Landscaped, Level with Street, Lot 6500-9999, Walkstreet
Lot Size Acres: 0.1719467
Lot Size Source: Assessor
Lot Size Square Feet: 7490
Lot Size Acres: 0.1719467
Lot Size Source: Assessor
Lot Size Square Feet: 7490
Garage Spaces: 7
Parking Total: 3
Parking Total: 3
Number of Units: 9
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 3
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 1
Bedrooms in Unit-9: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 3
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 2
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Unit-5 Garage Spaces: 1
Unit-6 Garage Spaces: 1
Unit-7 Garage Spaces: 1
Unit-8 Garage Spaces: 1
Unit-9 Garage Spaces: 1
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 3
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 1
Bedrooms in Unit-9: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 3
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 2
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Unit-5 Garage Spaces: 1
Unit-6 Garage Spaces: 1
Unit-7 Garage Spaces: 1
Unit-8 Garage Spaces: 1
Unit-9 Garage Spaces: 1
Gardener Expense: 1440.00
Maintenance Expense: 3000.00
Maintenance Expense: 3000.00
Tenant Pays: Cable TV, Electricity, Gas
Vacancy Allowance: 11135
Rent Control: Yes
Vacancy Allowance: 11135
Rent Control: Yes
Community Features: Biking, Curbs, Park, Sidewalks, Storm Drains, Street Lights
Source Listing Status: Active
County: Los Angeles
Other Expense: 2100.00
Source Property Type: Residential Income
Insurance Expense: 4096.00
Area: C14 - Santa Monica
Source Neighborhood: C14 - Santa Monica
New Taxes Expense: 34375.00
Number of Separate Electric Meters: 9
Number of Separate Gas Meters: 9
Number of Separate Water Meters: 1
Parcel Number: 4282033014
Postal Code Plus 4: 3333
Professional Management Expense: 2974.00
Zoning: SMM1
Source System Name: C2C
County: Los Angeles
Other Expense: 2100.00
Source Property Type: Residential Income
Insurance Expense: 4096.00
Area: C14 - Santa Monica
Source Neighborhood: C14 - Santa Monica
New Taxes Expense: 34375.00
Number of Separate Electric Meters: 9
Number of Separate Gas Meters: 9
Number of Separate Water Meters: 1
Parcel Number: 4282033014
Postal Code Plus 4: 3333
Professional Management Expense: 2974.00
Zoning: SMM1
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $552,404 + $841,990 $1,394,394 | $18,205 |
| 2021 | $541,573 + $825,481 $1,367,054 | $17,724 |
| 2020 | $536,020 + $817,017 $1,353,037 | $17,602 |
| 2019 | $525,510 + $800,998 $1,326,508 | $17,429 |
| 2018 | $515,206 + $785,293 $1,300,499 | $16,344 |
| 2017 | $128,201 + $153,342 $281,543 | $4,803 |
| 2016 | $125,688 + $150,336 $276,024 | $4,578 |
| 2015 | $123,801 + $148,078 $271,879 | $4,522 |
| 2014 | $121,376 + $145,178 $266,554 | $4,541 |
| 2013 | $120,828 + $144,522 $265,350 | $4,516 |
| 2012 | $118,459 + $141,689 $260,148 | $4,433 |
| 2010 | $116,137 + $138,911 $255,048 | $4,230 |
| 2009 | $115,544 + $138,201 $253,745 | $4,131 |
| 2009 | $115,270 + $137,873 $253,143 | $4,131 |
| 2008 | $113,279 + $135,492 $248,771 | $4,064 |
| 2007 | $111,058 + $132,836 $243,894 | $3,975 |
Listed 2024-03-15
$2,750,000
CRMLS
$2,750,000
CRMLS
Net Operating Income: 148338.00
Total Square Feet Living: 7336
Year Built: 1960
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 2
Entry Location: Street
Property Age: 64
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Year Built: 1960
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 2
Entry Location: Street
Property Age: 64
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Electric Expense: 7607.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 7800.00
Sewer Available
Sewer Connected
Water Available
Water Connected
Water Source: Public
Sewer: Sewer: Public Sewer, Water Sewer Expense: 7800.00
Sewer Available
Sewer Connected
Water Available
Water Connected
Water Source: Public
Lincoln Middle School is a public middle school located approximately 0.7 miles away.
Map directions
Map directionsSanta Monica High School is a public high school located approximately 0.7 miles away.
Map directions
Map directionsMcKinley Elementary School is a public elementary school located approximately 0.8 miles away.
Map directions
Map directionsPs1 Pluralistic School is a private elementary school located approximately 0.1 miles away.
Map directions
Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.