1417 17TH Street

    Santa Monica, CA 90404
    • $3,695,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: 19515326
    UPDATED: 11 min ago
    $3,695,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,722
      SQFT
    • $783
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2018
    County:

    School Ratings & Info

    Description

    Rare opportunity for an investor or owner/user to acquire a newly constructed modern-luxury 5 bed/4 bath home and 5 additional (1+1) multifamily units situated on a 7,493 SF lot in prime Santa Monica. The home features beautiful finishes throughout, including an expansive chef's kitchen equipped with Viking appliances, a large center island, Carrera countertops, and custom cabinetry. Additional features include hardwood flooring, a stackable washer and dryer, and central A/C and heat with separate controls for the first and second floor. The bathrooms feature custom cabinetry, Carrera marble, modern fixtures, and mosaic tile finishes. The property is equipped with a camera system, intercom and app-controlled garage door access. Also, the oversized lot features 5 (1+1) rental units with significant rental upside. 1 of the 5 units has been renovated with high-end finishes and the building features new exterior paint, a new roof and new landscaping.

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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/99450605

    1417 17TH Street Santa Monica, CA 90404

    • Price: $3,695,000
    • Status: Active
    • Updated: 11 min ago
    • ID#: 19515326
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,722
    SQFT
    $783
    $/SQFT
    2018
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    Rare opportunity for an investor or owner/user to acquire a newly constructed modern-luxury 5 bed/4 bath home and 5 additional (1+1) multifamily units situated on a 7,493 SF lot in prime Santa Monica. The home features beautiful finishes throughout, including an expansive chef's kitchen equipped with Viking appliances, a large center island, Carrera countertops, and custom cabinetry. Additional features include hardwood flooring, a stackable washer and dryer, and central A/C and heat with separate controls for the first and second floor. The bathrooms feature custom cabinetry, Carrera marble, modern fixtures, and mosaic tile finishes. The property is equipped with a camera system, intercom and app-controlled garage door access. Also, the oversized lot features 5 (1+1) rental units with significant rental upside. 1 of the 5 units has been renovated with high-end finishes and the building features new exterior paint, a new roof and new landscaping.
    Exterior Features

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

    Interior Features

    Appliances DisposalRefrigeratorFreezerDishwasherVented Exhaust Fan Appliances YN Yes Cooling Central Air Cooling YN Yes Laundry Features Dryer Included

    Property Features

    Cap Rate 4.14 Gross Multiplier 16.63 Gross Operating Income 215562.00 Improvements Amount 306000 Land Value 1734000 Laundry YN Yes Net Operating Income 152948.00 Special Listing Conditions Standard Total Expenses 62615.00 Zoning Smr2*

    Listing provided courtesy of Janet Neman of Kidder Mathews Of California,


    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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