1438 14Th Street, Santa Monica, CA 90404
-
Listed Price :
$3,500,000
-
Beds :
16
-
Baths :
14
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Property Size :
8,498 sqft
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Year Built :
1967
Property Description
First time on the market! Great value-add opportunity on this very well maintained 10 unit property. Some rents can be raised to the MARs (Buyer to confirm with Santa Monica Rent Control). There are (6) 2 bedrooms/1 3/4 bathrooms and (4) 1 bedroom/1 bathroom apartments.12 car parking. The 2 front units are split level with high ceilings. Good long term upside in rents. Close to restaurants and shopping in sunny Santa Monica! Gross Annual Income using current rents is $237,884. This should improve to approximately $250,352 with the several rents which can be raised to match MARs. The Gross Income, GRM and Cap rate below are based on $250,352 Gross. See current Rent Roll with potential increases (see documents tab). Property will need soft-story retrofit. Seller has provided two contractor proposals (see documents tab). Inside with an accepted offer. Please do not disturb tenants. Please text for the quickest response. Voicemail and email also answered promptly. Thank you for your interest!
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
16 |
| Bathroom Information |
| Bathrooms |
14 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
1438 14Th Street |
| City |
Santa Monica |
| State |
CA |
| Zip |
90404 |
| County |
Los Angeles |
| Listing Agent |
David Putnam DRE #01036004 |
| Courtesy Of |
Berkshire Hathaway HomeServices California Properties |
| List Price |
$3,500,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
8,498 |
| Lot Size |
7,491 |
| Year Built |
1967 |
Listing information courtesy of: David Putnam, Berkshire Hathaway HomeServices California Properties. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 20th, 2024 at 8:42 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
