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    1419 Stanford St

    Santa Monica, CA 90404
    • $2,600,000
    • STATUS: Active
    • ON SITE: 21 days
    • ID#: 20-658332
    $2,600,000
    • 11
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,700
      SQFT
    • $553
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:
    Area:

    School Ratings & Info

    Description

    Excellent investment opportunity in the heart of Santa Monica. This 6-unit gem features two separate structures. The front structure, a single family home with 2 bedrooms and 2 baths, and will be delivered vacant. The back structure is 5-unit, two-story building. Four of the units have 2 bedrooms and one bath. The last unit has 1 bedroom and 1 bath. Excellent CAP rate of over 6 and a gross rent multiplier of 15. With a monthly estimate of $4,000 for the vacant single family home, the rents will be $14,150 per month. Separate laundry room with coin operated washer/dryer. This place is priced to sell and it won't last long,

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-02T23:42:33.277. 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/111795460
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    1419 Stanford St Santa Monica, CA 90404

    • Price: $2,600,000
    • Status: Active
    • ID#: 20-658332
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,700
    SQFT
    $553
    $/SQFT
    1958
    Built
    Neighborhood:
    Santa Monica
    County:
    Los Angeles
    Area:
    Santa Monica
    Property Description
    Excellent investment opportunity in the heart of Santa Monica. This 6-unit gem features two separate structures. The front structure, a single family home with 2 bedrooms and 2 baths, and will be delivered vacant. The back structure is 5-unit, two-story building. Four of the units have 2 bedrooms and one bath. The last unit has 1 bedroom and 1 bath. Excellent CAP rate of over 6 and a gross rent multiplier of 15. With a monthly estimate of $4,000 for the vacant single family home, the rents will be $14,150 per month. Separate laundry room with coin operated washer/dryer. This place is priced to sell and it won't last long,
    Exterior Features

    Covered Parking 4 Lot Size Area 7822 Other Structures None Parking Garage Carport AttachedCovered Parking Total Parking 4

    Interior Features

    Baths Total 7.00 Cooling Other Equipment WasherDryer Heating Other Laundry Equipment Own

    Property Features

    Assessed Total Value 840372 Gross Income 169500 Gross Operating Income 169500 Land Lease Type Fee Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Like Units6 6 Net Operating Income 162500.00 Number Of Buildings 2 Number Of Units 6 Sale Type Standard Source Living Area Estimated Source Lot Size Area Vendor Enhanced Total Annual Expense 7000 Type Of Units Multi-Family Year Built Source Vendor Enhanced Zoning Smr2*

    Listing provided courtesy of Alex Eychis DRE#01875191 of Re/Max Estate Properties.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-02T23:42:33.277. 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