2101 Virginia Avenue

    Santa Monica, CA 90404
    • $12,900,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: 19502006
    UPDATED: 7 min ago
    $12,900,000
    • 0
      BEDS
    • 1.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 31,874
      SQFT
    • $405
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    APN: 4274-021-015 & 4274-020-007. This value-add 40-unit apartment property sits on almost 1.5 acres of land and provides a buyer with an excellent opportunity to either rehab the existing units, which have significantly under market rents, or demolish the two buildings and redevelop the property for, as an example, approximately 11 small lot townhome style condominium units. Buyers should investigate the development potential.

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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/98154610

    2101 Virginia Avenue Santa Monica, CA 90404

    • Price: $12,900,000
    • Status: Active
    • Updated: 7 min ago
    • ID#: 19502006
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.47
    Acres
    31,874
    SQFT
    $405
    $/SQFT
    1948
    Built
    Neighborhood:
    C14 - Santa Monica
    County:
    Los Angeles
    Area:
    C14 - Santa Monica
    Property Description
    APN: 4274-021-015 & 4274-020-007. This value-add 40-unit apartment property sits on almost 1.5 acres of land and provides a buyer with an excellent opportunity to either rehab the existing units, which have significantly under market rents, or demolish the two buildings and redevelop the property for, as an example, approximately 11 small lot townhome style condominium units. Buyers should investigate the development potential.
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet Parking Features CarportBuilt-In StorageParking SpaceUncovered Parking YN Yes

    Interior Features

    Cooling None Cooling YN No

    Property Features

    Cap Rate 1.11 Gross Multiplier 26.98 Gross Operating Income 478072.00 Improvements Amount 203626 Land Value 171092 Net Operating Income 143155.00 Special Listing Conditions Standard Total Expenses 325719.00 Zoning Smr2*

    Listing provided courtesy of Laurie Lustig of Laurie J. Lustig


    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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