1231 25TH Street

    Santa Monica, CA 90404
    • $4,300,000
    • STATUS: Active
    • ON SITE: 128 days
    • ID#: 19476752
    UPDATED: 7 min ago
    $4,300,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      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 California Regional Multiple Listing Service, Inc. as of 2019-10-19T21:34:50.66. 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 Naylor Properties | RE/MAX Estate Properties. Licensed in the State of California, USA.
    www.naylorproperties.com/homes/95821271

    1231 25TH Street Santa Monica, CA 90404

    • Price: $4,300,000
    • Status: Active
    • Updated: 7 min ago
    • ID#: 19476752
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    4,850
    SQFT
    $887
    $/SQFT
    1956
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    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

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Uncovered Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 2.13 Gross Multiplier 26.83 Gross Operating Income 160815.00 Improvements Amount 330695 Land Value 886032 Laundry YN Yes Net Operating Income 91799.00 Special Listing Conditions Standard Total Expenses 64208.00 Zoning Smr2*

    Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-19T21:34:50.66. 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 Naylor Properties | RE/MAX Estate Properties. Licensed in the State of California, USA.
     
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