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Property Type:Residential Income (Multi-Family)
Lot Size:0.18 Acres
Prime north of Wilshire property with a 4.4 Cap Rate! This property is in immaculate condition, completely renovated in 2017 including new plumbing throughout, major upgrades to electrical, kitchen redone w/new Quartz countertops , commercial fridge & freezer, bathrooms with rain showers & custom vanities, BRs all have hand built bed frames with TV cabinets in the foot of the beds, new recessed LED throughout, 2 new HVAC units-one per floor, heated pool and much more. Broker makes no representations as to whether improvements were done with permits, buyer to perform their own investigations and rely upon same. Seller wishes to lease back property at COE for $20K/Mo., modified net lease for 5 years plus two-5 year options. Sellers leaseback to cover all of buyer's operating expenses except property taxes and insurance, (which come to approx. 55K/yr total). Said leaseback is a condition to the terms of the sale. (not optional). Call broker for details.
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:927 26th Street Santa Monica, CA 90403
Area:(C14) Santa Monica
Total Units: 1
Unit 1: 1 Unit•7 Beds•7 Baths•Furnished•$20,000 actual rent•$20,000 total rent•$20,000 pro forma
Foundation Details: Pillar/Post/Pier
Basement: Cable TV, Electricity, Grounds Care, Gas, Insurance, Taxes, Trash Collection, Water
Parking: Detached Carport
Features / Amenities
Floor Material: Wood
Interior: Phone System, Recessed Lighting
Rooms: Attic, Den, Living Room, Master Bathroom
Windows: Double Pane Windows, Drapes, Skylight(s)
Security Features: Fire and Smoke Detection System
Direction Faces: West
Parking Total: 2
Appliances: Microwave, Refrigerator
Cooling Type: Central Air
Heating Type: Forced Air
Lot Size: 0.18 Acres / 7993 Sq. Ft.
Lot Features: Landscaped
Directions:North of Wilshire, South of Montana.
Tax and Financial Info
Tenant Pays: Cable TV, Electricity, Grounds Care, Gas, Insurance, Taxes, Trash Collection, Water
Insurance Expense: 6000.00
Maintenance Expense: 4399.00
Trash Expense: 1521.00
Water / Sewer Expense: 2655.00
Gross Annual Income: 240000.00
Gross Operating Income: 240000.00
Association Amenities: Pool
WALKING AND TRANSPORTATION
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Listing provided courtesy of Todd Christiansen, Todd Christiansen.
Based on information from California Regional Multiple Listing Service, Inc. as of April 4, 2020. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.