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    1415 Centinela Ave

    Santa Monica, CA 90404
    • $2,600,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: 20-658892
    UPDATED: 63 min ago
    $2,600,000
    • 13
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,904
      SQFT
    • $666
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:
    Area:

    School Ratings & Info

    Description

    BRC Advisors -BH is proud to present for sale this value-add five-unit apartment property located at 1415 South Centinela Avenue, in Santa Monica, California. The property consists of three separate structures on one lot, consisting of an attractive unit mix with four (4) three-bedroom/two-bathroom units and a one-bedroom/one-bathroom unit. Situated on a 7,564 square foot lot, the property is located just south of Santa Monica Blvd. Three of the units have washer/dryers (see rent roll) and three units are currently vacant, allowing a buyer to immediately implement a renovation plan of those units and exterior areas to obtain maximum rents. Additionally, there are approximately seven onsite parking spaces and the units have separate water heaters, some of which are tankless. Upon renovating and renting the three vacant 3-bedroom units at the projected market rent of $3,795, a buyer will achieve a projected cap rate of 5% and a gross rent multiplier of only 13.6!!!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T21:42:39.103. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/111811446
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    1415 Centinela Ave Santa Monica, CA 90404

    • Price: $2,600,000
    • Status: Active
    • Updated: 63 min ago
    • ID#: 20-658892
    13
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,904
    SQFT
    $666
    $/SQFT
    1923
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    BRC Advisors -BH is proud to present for sale this value-add five-unit apartment property located at 1415 South Centinela Avenue, in Santa Monica, California. The property consists of three separate structures on one lot, consisting of an attractive unit mix with four (4) three-bedroom/two-bathroom units and a one-bedroom/one-bathroom unit. Situated on a 7,564 square foot lot, the property is located just south of Santa Monica Blvd. Three of the units have washer/dryers (see rent roll) and three units are currently vacant, allowing a buyer to immediately implement a renovation plan of those units and exterior areas to obtain maximum rents. Additionally, there are approximately seven onsite parking spaces and the units have separate water heaters, some of which are tankless. Upon renovating and renting the three vacant 3-bedroom units at the projected market rent of $3,795, a buyer will achieve a projected cap rate of 5% and a gross rent multiplier of only 13.6!!!
    Exterior Features

    Lot Size Area 7564 Other Structures None Parking Garage Other Total Parking 7

    Interior Features

    Baths Total 9.00 Cooling Other Equipment Other Heating Other

    Property Features

    Gross Income 192399 Gross Operating Income 192399 Like Units1 4 Like Units2 1 Net Operating Income 130523.00 Number Of Buildings 3 Number Of Units 5 Sale Type Standard Source Living Area Title Company Source Lot Size Area Vendor Enhanced Total Annual Expense 56133 Type Of Units Mf Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Smr2*

    Listing provided courtesy of Ardy Ishal DRE#01769601 of Brc Advisors- Bh.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-01T21:42:39.103. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211