1844 16th Street , A-C

    Santa Monica, CA 90404
    • $2,750,000
    • STATUS: Active Under Contract
    • ON SITE: 37 days
    • ID#: SB19217138
    Under Contract
    UPDATED: 9 min ago
    $2,750,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,732
      SQFT
    • $737
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    We are pleased to present 1844 16th St. This four unit building boasts an impressive mix of (1) 2-bed 2-bath detached front house and (3) 2-bed 1.5-bath town-house style units. The front 2-bed 2-bath house will be delivered vacant. All units have undergone tasteful interior remodels, along with, a new roof, new copper plumbing, new windows, new tankless water heaters and water efficient landscaping. The 3,732 SF property sits on a 7,504 SF lot (BTV) just around the corner from Santa Monica College. The quiet tree-lined street, strong in-place income, and high demand rental location makes this opportunity one you won't want to miss!

    Monthly Payment Calculator



    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/98860599

    1844 16th Street , A-C Santa Monica, CA 90404

    • Price: $2,750,000
    • Status: Active Under Contract
    • Updated: 9 min ago
    • ID#: SB19217138
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,732
    SQFT
    $737
    $/SQFT
    1948
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    We are pleased to present 1844 16th St. This four unit building boasts an impressive mix of (1) 2-bed 2-bath detached front house and (3) 2-bed 1.5-bath town-house style units. The front 2-bed 2-bath house will be delivered vacant. All units have undergone tasteful interior remodels, along with, a new roof, new copper plumbing, new windows, new tankless water heaters and water efficient landscaping. The 3,732 SF property sits on a 7,504 SF lot (BTV) just around the corner from Santa Monica College. The quiet tree-lined street, strong in-place income, and high demand rental location makes this opportunity one you won't want to miss!
    Exterior Features

    Garage Spaces 0.00 Lot Features Front YardPaved Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Inside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.09 Community Features CurbsSidewalks Country Us Elevation Units Feet Fuel Expense 600.00 Gardener Expense 1200.00 Gross Income 162600.00 Gross Multiplier 16.91 Gross Scheduled Income 162600.00 Insurance Expense 2626.00 Land Lease YN No Laundry YN Yes Maintenance Expense 4878.00 Net Operating Income 112443.00 New Construction YN No New Taxes Expense 34375.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 45279.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 45279.00 Trash Expense 1000.00 Water Sewer Expense 600.00 Water Source Public Year Built Source Public Records Zoning Smr2*

    Listing provided courtesy of Austin Zahn of Lyon Stahl Investment Real Estate, Inc.


    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.
     
    Naylor Properties | RE/MAX Estate Properties
    63 Malaga Cove Plaza
    Palos Verdes Estates CA, 90274