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  • DESCRIPTION

    ***location, location, location****great opportunity to acquire this beautiful building complex with 6 apartments, located in the heart of this amazing beach city of santa monica,within walking distance to 3rd street promenade, santa monica college, the metro line and the world famous santa monica pier! All units are large and have been well maintained throughout the years with the pride of ownership. The units sit on a lot thats over 7,400sq.Ft.And the building area is about 6.414 sq.Ft. Built in 1962 and it's still in mint condition, it consists of 1-3br/2ba 4-2br/1ba and 1-1br/1ba and all are large apts!! Great location with a strong rental upside for the l.A. Market, for increasing rents significantly upon all future vacancies!! **buyer acknowledges that sellers intends to exercise the right to perform a tax -Deferred exchange pursuant to section 1031 of the internal revenue code. Buyer agrees to cooperate in such exchange provided that buyer incurs no cost or liability ****

    KEY DETAILS
    • Price:
    • $3,700,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • n/a
    • Acreage:
    • 0.17
    • Year Built:
    • 1962
    • Listing ID #:
    • CV17173992
    • Street Address:
    • 1528 11th St
    • City:
    • Santa Monica
    • State:
    • CA
    • Postal Code:
    • 90401
    • County:
    • Los Angeles
    • Area:
    • Csanta Monica
    • Listing Status:
    • For Sale - Active

    Building

    • Construction Description:
    • Drywall Walls, Stucco
    • Flooring:
    • Carpet, Vinyl
    • Foundation:
    • Pillar/Post/Pier, Slab
    • Interior Features:
    • Recessed Lighting, Tile Counters
    • Number Of Floors In Unit:
    • Two
    • Number Of Units:
    • 6
    • Stories:
    • 2
    • Total # Of Buildings:
    • 1
    • Type Of Roof:
    • Composition
    • Unit Total # Of Garages:
    • 4.00
    • View:
    • Neighborhood
    • Year Built:
    • 1962
    • Year Built Source:
    • Assessor

    Business

    • Annual Electric Expenses:
    • 2100.00
    • Annual Insurance Expenses:
    • 2200.00
    • Annual Maintenance Expenses:
    • 4000.00
    • Annual Trash Expenses:
    • 824.00
    • Annual Water/Sewer Expenses:
    • 7000.00
    • Expenses:
    • 34424.00
    • Gross Income:
    • 72828.00
    • Net Operating Income:
    • 38404.00
    • Operating Expense:
    • 34424.00

    Land

    • Approximate Lot Size Range Source:
    • Assessor
    • Conforms To Zoning:
    • Smr3*
    • Lot Features:
    • Level With Street, Near Public Transit
    • Lot Square Footage:
    • 7489.00
    • Road Frontage Type:
    • Alley, City Street

    Listing

    • Community Features:
    • Sidewalks, Storm Drains, Street Lighting
    • Days On Market:
    • 118

    Money

    • Price Per Square Foot:
    • 576.86

    Structures

    • Fence:
    • Block, Wrought Iron
    • Fenced:
    • 1
    • Parking Description:
    • Carport Attached
    • Parking Spaces:
    • 6.00

    Systems

    • Existing Water:
    • Public
    • Heating:
    • Wall Heater

    Source

    • Listing Provided By Peter Mendez of RE/MAX Top Producers

      CRMLS
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    NOTES

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