1646 Berkeley St Santa Monica, CA 90404
Active
$2,795,000
5 Units
9 Beds
5 Baths
4,018 Area(sq.ft.)
5,788 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,330 | $ 2,330 | $ 2,800 |
| Unit 2 | 1 | 2 | 1 | No | $ 1,224 | $ 1,224 | $ 2,800 |
| Unit 3 | 1 | 2 | 1 | No | $ 3,078 | $ 3,078 | $ 3,078 |
| Unit 4 | 1 | 2 | 1 | No | $ 2,795 | $ 2,795 | $ 2,800 |
| Unit 5 | 1 | studio | 1 | No | $ 1,657 | $ 1,657 | $ 1,900 |
| 5 | 5 | 8 | 5 | $ 11,084 | $ 11,084 | $ 13,378 |
| MLS #: | 24-467337 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 696 |
| Price per unit: | $ 559,000 |
| Year Built: | 1956 |
Property Details
Prime Santa Monica Investment Opportunity! This well-maintained, pride of ownership multi-family property features five units with a total of 9 bedrooms and 5 bathrooms, spanning approximately 4,018 square feet. Conveniently located in Downtown Santa Monica, adjacent to major shopping and office complexes, close to 10 fwy, major transportation hubs and Santa Monica College. 4 units feature spacious 2 bedrooms and 1 bath, plus one cozy studio. Two units have been recently renovated with updated fixtures and appliances. Building provides 4 open parking spaces. There is onsite laundry; the Landlord owns its own equipment, which provides for additional income. The roof was replaced approximately 5 years ago.Seller is open to carry back a loan with a minimum of 60% down and is open to negotiating rate and terms.The seller and listing agent do not represent or warrant the information herein. Prospective buyers and agents should independently verify all information. Turnkey investment with strong income potential! Note: studio pictures are staged, the other interior shots are representative of one of the updated units.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 133,008 |
| Total Annual Expense: | $ 34,000 |
| Net Operating Income: | $ 100,000 |
| Gross Annual Income: | $ 134,008 |
| Gross Rent Multiplier: | 21.00 |
| Actual Gross Income: | $ 133,008 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Multi/Split |
| Security Features: | None |
| Style: | Low Rise |
| View Description: | Tree Top, Walk Street |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Driveway |
Interior
| AC/Cooling: | None |
| Equipment: | Dryer, Range/Oven, Refrigerator, Washer |
| Heating: | Wall |
| Laundry: | Community |
| Laundry Equipment: | Own |
| Laundry Income: | 1000.00 |
Exterior
Detailed Map
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Income
