2428 Kansas AVE Santa Monica, CA 90404
Active
$2,895,000
7 Units
15 Beds
8 Baths
5,678 Area(sq.ft.)
11,800 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 768 | $ 768 | $ 3,750 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,113 | $ 2,113 | $ 3,750 |
| Unit 3 | 1 | 2 | 1 | No | $ 3,680 | $ 3,680 | $ 3,750 |
| Unit 4 | 1 | 2 | 1 | No | $ 3,428 | $ 3,428 | $ 3,750 |
| Unit 5 | 1 | 2 | 1 | No | $ 3,245 | $ 3,245 | $ 3,750 |
| Unit 6 | 1 | 2 | 1 | No | $ 912 | $ 912 | $ 3,750 |
| Unit 7 | 1 | 3 | 2 | No | $ 4,510 | $ 4,510 | $ 4,500 |
| 7 | 7 | 15 | 8 | $ 18,656 | $ 18,656 | $ 27,000 |
| MLS #: | 24-432961 |
| Days On Market: | 31 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 510 |
| Price per unit: | $ 413,571 |
| Year Built: | 1952 |
Property Details
We are pleased to present The Kansas Seven Residences. The subject property is located within close walking distance to many of Santa Monica's great shops & restaurants, corporate campuses, Bergamont Station, as well as other public transportation, providing residents automobile-free access to all of Greater Los Angeles. The subject property sits on a quiet, tree lined street, and offers an attractive unit mix featuring a fully renovated Three Bedroom, Two Bathroom unit with an enclosed yard. The remaining six units are comprised of (6) Two Bedroom Two Bathroom Units, two of which are renovated very nicely. The subject property is individually metered for gas and electricity and has covered parking for each unit. The astute investor will quickly recognize that The Kansas Seven Residences provides its occupants well-appointed housing in a warm, secure setting, and a walk anywhere easily location. This is a unique opportunity to own a charming, desirable, Westside located Santa Monica asset. Santa Monica is known for its superior climate, great night life, cultural diversity, walk-ability and beaches.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 226,667 |
| Total Annual Expense: | $ 73,508 |
| Net Operating Income: | $ 146,443 |
| Gross Annual Income: | $ 226,667 |
| Cap Rate: | 5.06% |
| Gross Rent Multiplier: | 12.77 |
Structure
| Type of Units: | apartments |
| Buildings: | 2 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | SMR2* |
| Parking Garage: | Covered Parking |
Interior
| AC/Cooling: | Ceiling Fan, Wall Unit(s) |
| Equipment: | Dishwasher, Range/Oven, Ceiling Fan, Dryer, Garbage Disposal, Microwave, Refrigerator, Washer |
| Heating: | Other |
Exterior
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