1124 15th Street

    Santa Monica, CA 90403
    • $4,510,000
    • STATUS: Active
    • ON SITE: 194 days
    • ID#: OC19074593
    UPDATED: 12 min ago
    $4,510,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,092
      SQFT
    • $557
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Definitely precious investment opportunity to own this beautiful, gorgeous 6 unit building. This spectacular property nestled in the center of Santa Monica on 15th Street right off Wilshire Blvd. it is short distance to freeway, Santa Monica Pier, beach, 3rd Street Premier shopping mall, restaurants, and UCLA Medical Center. It features 6 units with 13 Beds/13 Baths in a gated entry, attached 2 cars garage and 5 carport parking.Unit #1: 2 bedrooms/1.5 baths; Unit #2: 2 bedrooms/1.5 baths; Unit #3: 2 bedrooms/1.5 baths; Unit #4: 2 bedrooms/1.5 baths; Unit #5: 2 bedrooms/1.5 baths; Unit 6: 3 bedrooms/3 baths. Income laundry in common area.Unit #1-5 are occupied by tenants, Unit #6 is for Owner's self use which has laundry room. All the coastal living has to offer in this beautiful property. Make this your dream Santa Monica beach home.Santa Monica is rent control area. Buyer to verify square footage, lot size, tax

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T14:38:33.54. 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 J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/93337380

    1124 15th Street Santa Monica, CA 90403

    • Price: $4,510,000
    • Status: Active
    • Updated: 12 min ago
    • ID#: OC19074593
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    8,092
    SQFT
    $557
    $/SQFT
    1962
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Definitely precious investment opportunity to own this beautiful, gorgeous 6 unit building. This spectacular property nestled in the center of Santa Monica on 15th Street right off Wilshire Blvd. it is short distance to freeway, Santa Monica Pier, beach, 3rd Street Premier shopping mall, restaurants, and UCLA Medical Center. It features 6 units with 13 Beds/13 Baths in a gated entry, attached 2 cars garage and 5 carport parking.Unit #1: 2 bedrooms/1.5 baths; Unit #2: 2 bedrooms/1.5 baths; Unit #3: 2 bedrooms/1.5 baths; Unit #4: 2 bedrooms/1.5 baths; Unit #5: 2 bedrooms/1.5 baths; Unit 6: 3 bedrooms/3 baths. Income laundry in common area.Unit #1-5 are occupied by tenants, Unit #6 is for Owner's self use which has laundry room. All the coastal living has to offer in this beautiful property. Make this your dream Santa Monica beach home.Santa Monica is rent control area. Buyer to verify square footage, lot size, tax
    Exterior Features

    Carport Spaces 5.00 Entry Level 1 Garage Spaces 2.00 Lot Features Lot 6500-9999Near Public Transit Lot Size Units Square Feet Parking Total 7.00 Pool Features None Pool Private YN No Property Attached YN Yes Roof Tar/Gravel View Neighborhood View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling None Cooling YN No Flooring CarpetTile Heating Forced Air Heating YN Yes Laundry Features Common Area

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Urban Country Us Electric Electricity - On Property Electric Expense 480.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 540.00 Gross Income 500.00 Gross Operating Income 143566.00 Gross Scheduled Income 145016.00 Insurance Expense 2800.00 Land Lease YN No Laundry Income 500.00 Laundry YN Yes Licenses Expense 150.00 Maintenance Expense 6000.00 Net Operating Income 125696.00 New Construction YN No New Taxes Expense 54120.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 17870.00 Other Expense 1600.00 Other Expense Description Mello Ro Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 12084.70 Total Expenses 17870.00 Trash Expense 1500.00 Utilities Electricity AvailableNatural Gas AvailableSewer AvailableWater Available Vacancy Allowance 14501 Vacancy Allowance Rate 1.00 Water Sewer Expense 4800.00 Water Source Public Year Built Source Public Records Zoning Smr2*

    Listing provided courtesy of Yanyu Sun of IRN Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T14:38:33.54. 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 J1 REALTY GROUP. Licensed in the State of California, USA.
     
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