1231 25TH Street

    Santa Monica, CA 90404
    • $4,300,000
    • STATUS: Active
    • ON SITE: 71 days
    • ID#: 19476752
    $4,300,000
    • 9
      BEDS
    • 0.21
      ACRES
    • 7
      BATHS
    • 0
      1/2 BATHS
    • 4,850
      SQFT
    • $887
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale a six-unit apartment community located at 1231 25th Street. The subject property is located just north of Santa Monica Blvd within the city of Santa Monica on a quiet desirable street.The property consists of four one-bedroom units, one two-bedroom unit, and one three-bedroom unit. There is a gorgeous communal courtyard on the lot that has been extremely well maintained offering tenants a picnic area and open space that is rarely found in Santa Monica. Moreover, the subject property is located on an over-sized 9,300 square foot parcel, while all neighboring parcels on the block average 5,300 square feet. Due to its 1956 construction, the property is subject to Santa Monica rent control statutes. The property is located in one of the most desirable and affluent submarkets in Los Angeles and represents an excellent buying opportunity for an investor to acquire a well-maintained asset with remaining upside potential in rental income.

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    Based on information from CARETS as of 2019-08-22T23:49:38.63. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.sellbuyla.com/homes/95819124

    1231 25TH Street Santa Monica, CA 90404

    • Price: $4,300,000
    • Status: Active
    • ID#: 19476752
    9
    Beds
    7
    Baths
    0
    ½ Baths
    0.21
    Acres
    4,850
    SQFT
    $887
    $/SQFT
    1956
    Built
    Neighborhood:
    Santa Monica (C14)
    County:
    Los Angeles
    Area:
    Santa Monica (C14)
    Property Description
    We are pleased to offer for sale a six-unit apartment community located at 1231 25th Street. The subject property is located just north of Santa Monica Blvd within the city of Santa Monica on a quiet desirable street.The property consists of four one-bedroom units, one two-bedroom unit, and one three-bedroom unit. There is a gorgeous communal courtyard on the lot that has been extremely well maintained offering tenants a picnic area and open space that is rarely found in Santa Monica. Moreover, the subject property is located on an over-sized 9,300 square foot parcel, while all neighboring parcels on the block average 5,300 square feet. Due to its 1956 construction, the property is subject to Santa Monica rent control statutes. The property is located in one of the most desirable and affluent submarkets in Los Angeles and represents an excellent buying opportunity for an investor to acquire a well-maintained asset with remaining upside potential in rental income.
    Exterior Features

    Parking Features Uncovered Parking Spaces Total 8

    Interior Features

    Cooling Type Other Heating Type Other Interior Features Other Total Floors 0 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Unfurnished Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bath06 2.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 2 Unit Number Of Bed04 1 Unit Number Of Bed05 1 Unit Number Of Bed06 3

    Property Features

    Adjusted Gross Income 160239.00 Assessed Improvement Value 330695.00 Assessed Land Value 886032.00 Cap Rate 2.13 Country United States Of America Expense Total Annual 64208.00 Gross Operating Income 160815.00 Gross Rent Multiplier 26.83 Hoa YN N Legal Disclosures Take Property As Is Lot Size Source Public Records Net Operating Income 91799.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 1998.00 Unit Monthly Rent02 1998.00 Unit Monthly Rent03 2498.00 Unit Monthly Rent04 2002.00 Unit Monthly Rent05 1857.00 Unit Monthly Rent06 3000.00 Unit Projected Total Monthly Rent01 2750.00 Unit Projected Total Monthly Rent02 2750.00 Unit Projected Total Monthly Rent03 3200.00 Unit Projected Total Monthly Rent04 2750.00 Unit Projected Total Monthly Rent05 2750.00 Unit Projected Total Monthly Rent06 4000.00 Unit Total Monthly Rent01 1998.00 Unit Total Monthly Rent02 1998.00 Unit Total Monthly Rent03 2498.00 Unit Total Monthly Rent04 2002.00 Unit Total Monthly Rent05 1857.00 Unit Total Monthly Rent06 3000.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 6 Zoning Smr2*

    Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


    Based on information from CARETS as of 2019-08-22T23:49:38.63. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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