927 16TH Street

    Santa Monica, CA 90403
    • $2,775,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: 19509592
    UPDATED: 14 min ago
    $2,775,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,601
      SQFT
    • $1,067
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    Close to Montana Avenue on one of the best streets north of Wilshire in the Franklin Elementary school district is this incredible duplex opportunity with side by side homes consisting of a 3 bedroom 2 bath and a 2 bedroom 2 bath with private grassy backyards. This property will be delivered vacant. Five parking spaces including a separate two car garage with plans for a one bedroom third unit over garage. Great opportunity to be north of Wilshire with a good income from the rental unit on a large R2 lot. A duplex in Santa Monica if family occupied can Airbnb and exempt the property from rent control (check w/city). Phenomenal owner user and investment property with many options that north of Wilshire sees only once in awhile. This is the pearl.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T15:37:43.247. 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/98867195

    927 16TH Street Santa Monica, CA 90403

    • Price: $2,775,000
    • Status: Active
    • Updated: 14 min ago
    • ID#: 19509592
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,601
    SQFT
    $1,067
    $/SQFT
    1925
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Close to Montana Avenue on one of the best streets north of Wilshire in the Franklin Elementary school district is this incredible duplex opportunity with side by side homes consisting of a 3 bedroom 2 bath and a 2 bedroom 2 bath with private grassy backyards. This property will be delivered vacant. Five parking spaces including a separate two car garage with plans for a one bedroom third unit over garage. Great opportunity to be north of Wilshire with a good income from the rental unit on a large R2 lot. A duplex in Santa Monica if family occupied can Airbnb and exempt the property from rent control (check w/city). Phenomenal owner user and investment property with many options that north of Wilshire sees only once in awhile. This is the pearl.
    Exterior Features

    Garage Spaces 2.00 Lot Size Units Square Feet Parking Features Detached CarportCarportGarage - Two Door Parking Total 2.00 Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Laundry Features See Remarks

    Property Features

    Electric Expense 50.00 Fuel Expense 50.00 Gross Multiplier 18.50 Gross Operating Income 150000.00 Insurance Expense 250.00 Laundry YN Yes Net Operating Income 115312.00 Special Listing Conditions Standard Total Expenses 35337.00 Trash Expense 0.00 Water Sewer Expense 200.00 Zoning Smr2*

    Listing provided courtesy of Stacey Valnes of Valnes & Company


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-15T15:37:43.247. 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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