1427 17th St Santa Monica, CA 90404
Active
$3,290,000
8%
5 Units
8 Beds
5 Baths
3,950 Area(sq.ft.)
7,495 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 3,175 | $ 3,175 | $ 3,175 |
| Unit 2 | 2 | 2 | 1 | No | $ 3,175 | $ 3,175 | $ 3,175 |
| Unit 3 | 3 | 2 | 1 | No | $ 4,750 | $ 4,750 | $ 4,750 |
| Unit 4 | 4 | studio | 1 | No | $ 1,720 | $ 1,720 | $ 1,720 |
| Unit 5 | 5 | studio | 1 | No | $ 2,125 | $ 2,125 | $ 2,125 |
| 5 | 15 | 12 | 15 | $ 41,280 | $ 41,280 | $ 41,280 |
| MLS #: | 24-406829 |
| Days On Market: | 99 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 833 |
| Price per unit: | $ 658,000 |
| Year Built: | 1928 |
Property Details
Discover this fully remodeled California Bungalow building in the coveted area of Santa Monica. There are Five units. All Units are tastefully Upgraded and offer a comfortable and modern living experience. Make your way inside and be greeted by restored wood flooring. Main House with its beautifully redesigned bathroom and standup glass shower enclosure adding a touch of elegance and functionality to your daily routine. All units stands apart as it has no attached walls, offering a sense of privacy and tranquility that feels more like a standalone home. The main house is vacant and great for Owner users. All Units are totally remodeled with New Bathroom and done Showers. In unit Washer and Dryer in the Three Units. Separate two other Studio upstairs and they are Sharing community washer and Dryer. Four Cover Parking garage spaces with alley access. Phenominal Location with easy access to some many top dining, markets, parks, and schools. Embrace the vibrant Santa Monica lifestyle with all the amenities and conveniences at your fingertips. Don't miss the opportunity to call this beautiful building a home and a fantastic generational investment vehicle.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 180,340 |
| Total Annual Expense: | $ 19,635 |
| Net Operating Income: | $ 160,705 |
| Gross Annual Income: | $ 180,340 |
| Cap Rate: | 3.7% |
| Gross Rent Multiplier: | 23.80 |
Structure
| Amenities: | None |
| Type of Units: | Apartment |
| Buildings: | 1 |
| Levels: | One |
| Security Features: | Gated |
| Style: | California Bungalow |
| Sewer: | In Street |
| View Description: | Courtyard |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Covered Parking |
Interior
| Cooking Appliances: | Oven-Gas |
| AC/Cooling: | None |
| Equipment: | Cable, Ceiling Fan, Dishwasher, Dryer, Electric Dryer Hookup, Gas Dryer Hookup, Garbage Disposal, Hood Fan |
| Heating: | Wall |
| Fireplace Rooms: | None |
| Kitchen Features: | Remodeled |
| Laundry: | Community, In Unit |
| Laundry Equipment: | Own |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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